Ethereum Eyes $2,400 After Breakout, but Analysts Warn of a Shakeout Before Year
Ethereum surged past $1,800, confirming a bullish pattern with a target of $2,400, as trading volumes spiked 74% to nearly $12 billion and over $160 million in shorts were liquidated. Analysts warn of a potential shakeout between August and October, citing historical cycles and Bitcoin's influence, while Ethereum ETFs saw $105 million in inflows last week.
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