⚠️ Ethereum is Struggling – $ETH Stuck Below Key Levels ⚠️

Ethereum’s recent price action isn’t giving much confidence to the bulls right now. $ETH has been stuck under the $2,400 resistance for a while, and the broader market sentiment isn't helping. The moving averages (MA 7, 25, and 99) are all trending downward, which signals that the bearish momentum is still in play.

The MACD indicator is also flashing red. Despite a slight uptick in momentum recently, the histogram remains in negative territory, suggesting that the bulls aren’t in control yet. 📉 Volume is relatively low, meaning there’s a lack of conviction among both buyers and sellers.

If ETH fails to reclaim the $2,400 level soon, we could see a retest of the $2,200 support, and if that fails, $2,000 could come into play. However, for any bullish reversal, Ethereum needs to break above $2,500 with significant volume, which currently seems like a long shot. 🤔

Right now, it’s hard to get excited about a short-term rally for ETH, so traders should be cautious and watch for clear signals before jumping in.