The price of Ethereum has dropped by 1.5% in the past 24 hours and 10% in the past week, with a market cap of $252 billion. The recent pullback has created a bearish engulfing candle and the price is approaching the $2,000 psychological mark. Technical indicators suggest a potential downfall, and Ethereum ETFs have seen consecutive outflows. However, analyst Ali Martinez highlights the possibility of a recovery run and a potential 18% surge if Ethereum breaks out of its descending triangle pattern.



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