The article discusses the potential for Ethereum to experience a bullish reversal and reach a price of $2,500. While Ethereum has seen a 13% drop in the past seven days, a reversal pattern is emerging on the 4-hour chart that suggests a possible bounce-back. Technical indicators, such as the MACD and RSI, support the chances of a bullish reversal. Network activity has also increased, with a 17% jump in active ETH addresses. However, there has also been a surge in ETH supply on exchanges and critical resistance zones exist between $2,248 and $2,610. Additionally, U.S. Ethereum spot ETFs have recorded significant outflows in recent days. If Ethereum is able to break out of the falling wedge pattern, it could trigger a new wave of bullish momentum. However, a failure to maintain momentum could lead to a retest of the $1,757 support level.



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