Ethereum (ETH) has fallen below 2,600 USD, indicating a bearish market sentiment. Technical analysis suggests a possible decline towards 2,000 USD in the near term.
The Relative Strength Index (RSI) stands at 36%, hinting at oversold conditions. Meanwhile, significant purchases by large wallet holders may signal a possible bullish reversal.
Citi’s analysis shows increasing on-chain activity and ETF inflows despite current price struggles. Moreover, investments from the Trump family and BlackRock’s focus on Ethereum could bolster its ecosystem.
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