$ETH struggling to close above the previous resistance at 3550, with decreasing volume and bearish signals from technical indicators like the stochastic crossing down. Additionally, there's talk of a bearish engulfing candle on the daily time frame, indicating sell pressure, and the possibility of ETH dropping to around $3,200 or even $3,000 if it fails to regain certain price levels. The consensus seems to be that ETH might continue its downward trajectory today, with potential volatility expected in the near term.