🔮#Ethereum's price is dancing on the edge, testing the crucial 100-day moving average at $3086. Will it hold or break? 📉🤔

- After a period of consolidation, Ethereum's price has seen increased selling activity, leading to a slight decline.

- The price is now testing a significant support level, the 100-day moving average.

- However, current market sentiment suggests a lack of buying activity, hinting at a potential bearish trend.

🔍On the 4-hour chart, Ethereum's price experienced a bullish reversal after notable buying pressure. But, sellers soon took control, causing a renewed bearish downturn.

📊Sentiment analysis shows a sharp decline in the Taker Buy Sell Ratio, suggesting Ethereum's bearish trend could persist in the mid-term.

What's your take on this? Will the bulls step in or are we heading for a plunge below $3K? Share your thoughts below! 👇 #ETH #CryptoNews