The price of Ethereum cannot reach a new all-time high and is currently experiencing a downward trend, raising concerns that the rally may have ended. 🌧️

- Currently, ETH is below the important resistance level of $3,500.

- On the daily chart, the price has recovered from the support level of $2,300 but has been rejected at the resistance zone of $4,000.

- If the price drops below the 200-day moving average, it could decline further to the level of $2,000.

- The 4-hour chart shows a clear double top pattern, with the RSI indicating bearish momentum.

- The Taker Buy Sell ratio shows selling pressure from the futures market, complicating recovery efforts. 📉

Blockchain and cryptocurrency still have long-term potential, despite short-term challenges.