Ethereum prices dipped 3.06%, testing key support level of $1,750 ahead of May trading. Bearish MACD crossover and declining RSI suggest waning buying pressure. Ethereum’s Layer 2 activity surged to record highs, with 15.4 million active addresses exceeding the previous mark. Despite these gains, ETH remains below important resistance zones, maintaining a bearish technical trend supported by market sentiment. On April 30th, after a 3.06% decline in the 24 hours preceding, Ethereum closed at $1,771.80, reflecting ongoing selling pressure among short-term traders. Notably, whales sold approximately $445 million worth of ETH ($262,000 ETH) during the recent price surge.