Ethereum is currently trading around $2,440, below the $2,500 threshold breached last week. Several analysts forecast a technical rebound toward $2,700 and potentially $3,000 if the key level at $2,570 is decisively broken to the upside. On-chain indicators remain supportive: ETH reserves on exchanges hit a ten-year low of 14.6 million coins, while major players like BitMine acquired $660 million worth of ETH. However, the RSI at 76 signals overbought conditions and spot ETH ETFs experienced massive outflows over the past two days, reflecting institutional withdrawal.
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