Despite a pullback in the past 28 hours, Ethereum is attempting to bounce back from its $2,700 support level. The ETH price trend shows a breakdown of a falling wedge pattern and alternating days of green and red candles. However, the recent drop in bearish intensity and institutional support indicate potential for a bullish reversal. The immediate price target for ETH is the $3,000 mark, with support levels at $2,650 and $2,150.



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