The article discusses the current state of Ethereum and explores the potential for a breakout rally in its price. It mentions that Ethereum has recently experienced a bearish breakdown but is now showing signs of a potential reversal, with the possibility of hitting the $4,000 price level. The article also highlights various technical indicators and charts that suggest both bullish and bearish scenarios for Ethereum's price. Ultimately, the critical factors to watch are the $2,600 support level and the ability of Ethereum to overcome resistance trendlines.



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