Ethereum Price Faces Persistent Downtrend, Bearish Pressure Remains

Ethereum’s price remains stagnant below the crucial $3,800 resistance level, highlighting persistent bearish pressure. Recent analysis from More Crypto Online on X reveals a consolidation phase beneath this critical threshold, with the price struggling to break through. ⬇️
The chart shows a downward trendline and declining moving averages indicating further downtrend. If support fails, ETH might decline toward $3,200-$3,300 range.