Ethereum price today: $3,140

  • Ethereum L2 roadmap hinders composability and limits ETH value accrual, says DeFi founder.

  • Options data shows Ethereum traders expect short-term volatility but maintain a long-term bullish bias.

  • Technical indicators suggest dominant bearish momentum as ETH continues to attempt a recovery above $3,200.

Ethereum ($ETH ) trades near $3,140 on Tuesday as it looks to attempt a recovery from the recent DeepSeek-triggered market decline. While traders are positioning for short-term volatility, a decentralized finance (DeFi) founder weighs in on Ethereum's Layer 2 roadmap.

#Ethereum Layer 2 roadmap is "more of a band-aid," says DeFi founder Despite the recent downturn triggered by DeepSeek, ETH has been suffering from negative sentiment in the past week due to community members' criticisms of the Ethereum Foundation's leadership structure and rollup-centric or Layer 2 roadmap.

Ethereum Price Forecast: Technical indicators suggest prevailing bearish momentum

Ethereum sustained over $48.25 million in futures liquidations in the past 24 hours, per Coinglass data. The total amount of liquidated long and short positions is $14.55 million and $33.70 million, respectively.

ETH is attempting to reclaim the $3,200 support level after the market-wide bearish pressure on Monday, which saw its price briefly touch the psychological level of $3,000. If ETH reclaims $3,200, it faces another hurdle at the descending trendline resistance of a right-angled triangle pattern. ETH has to overcome this resistance to resume its uptrend.