<ul><li>Ethereum failed to sustain its recovery, reversing from the $2,750 resistance.</li><li>Weakening technical setup and increased selling pressure raise concerns of a potential dip to $2,400.</li><li>ETH supply on exchanges has dropped to an all-time low, suggesting strong accumulation.</li><li>If sentiment shifts, a rebound toward $3,000 remains possible, but continued bearish dominance could test the $2,400 support zone.</li></ul>

Why Ethereum Is Down Today: Analyzing the $2,750 Rejection and Potential Rebound

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