The recent decline in Ethereum's price has found support at $2,600, suggesting a possible reversal rally towards $3,000. Although there are strong overhead bearish signals indicating resistance, the lower price rejections and narrowing bearish gap on the MACD signal the potential for a bullish reversal. Institutional support for Ethereum has been increasing, with significant inflows into Ethereum ETFs, indicating a likely upward bounce in ETH prices. However, the balance of Ethereum held by large investors has decreased, adding to the bearish pressure. The immediate price targets for Ethereum are $2,746 and $3,957, with crucial support at $2,400.



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