The article discusses the current situation of Ethereum (ETH) and the task that ETH bulls have in preventing the price from dropping below $2,400, which is a crucial support level. The analysis looks at the Chaikin Money Flow (CMF) and Weighted Sentiment metrics to determine if the price will rebound or continue to decline. The CMF reading has returned to the positive region, indicating that bulls are accumulating ETH and may prevent a price crash. Additionally, the Weighted Sentiment has turned positive, suggesting increased demand for ETH. The article also mentions an inverse head-and-shoulders pattern on the daily chart, which could indicate a reversal to the upside. However, if bulls fail to defend the support level, the price could decline to $2,116.



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