#Ethereum Faces Struggles: Short-Term Outlook Remains Weak 📉
Ethereum is having a hard time bouncing back, with its price stuck below $2,350. Key resistance at $2,360, along with bearish RSI and MACD indicators, suggests continued weakness in the short term.
🔑 Key Points:
▪️Ethereum failed to break resistance at $2,450 and dropped below $2,350.
▪️Technical indicators show bearish trends, with RSI below 50 and MACD losing momentum.
▪️Large Ethereum holders (whales) are selling off, adding downward pressure.
Market sentiment has also weakened, and analysts warn that unless Ethereum can break through key resistance, it may face further declines, with potential drops to $2,250 or even $2,150. 🤷
