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Ethereum Price Analysis Warns $2500 Breakdown As Bearish Pattern Emerges

The second-largest cryptocurrency Ethereum initiated July’s second week on a bullish note. Following the recent market sell-off, the ETH price found suitable support at $2815— a multi-month horizontal level intact in February 2024. This support coincides closely with the 23.6% Fibonacci retracement creating a pivotal point for Ether to rebound or lead further correction. Will the developments in ETF approval help this asset regain bullish momentum?

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