The price of Ethereum has been declining and has not yet shown signs of a reversal. The price is currently trading below the 200-day moving average and is attempting to break above $2,700. If successful, a bullish reversal is possible, but if it fails, the price could drop to the $2,350 support zone. On the 4-hour chart, the price has been consolidating and is testing the $2,700 level, but the RSI is indicating a bearish shift in momentum, potentially leading to a drop to the $2,000 zone. The futures market for Ethereum has seen decreasing funding rates, suggesting that the market is no longer overheated and could potentially recover with sufficient demand.



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