Ethereum Price Could Turn Around Soon After Sharp Fall Since Early 2024

- **Technical Analysis**: On the daily chart, Ethereum is trading between $2,100 and $2,700. While the market structure remains bearish, there are signs that the price could bottom out and start a new uptrend if the $2,100 support holds.

- **4-hour chart**: The price has bounced off the $2,100 support zone and is slowly rising. Momentum remains weak but a strong rally towards the $2,700 resistance could be on the cards soon.

- **Sentiment Analysis**: Ethereum reserves on exchanges are rising, which could create short-term selling pressure if there is not enough demand.

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