Ethereum May Test Critical Support After $3,100 Breakout as Accumulation Hits Record High

TLDR: Ethereum broke the $3,100 resistance but now may retest the $3,020-$3,050 support zone for confirmation. December saw record Ethereum inflows into accumulation addresses despite continued elevated selling pressure. Growing validator staking activity removes ETH supply from circulation, creating tightening dynamics. Next, resistance zones at $3,160-$3,240 and $3,320-$3,400 will determine the strength of bullish momentum. [...]

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