The price of Ethereum (ETH) is facing challenges, struggling to maintain the $3,000 level. According to reports, weak onchain activity, reduced demand in the futures market, and selling activity among holders are contributing to a bearish outlook for ETH. This confluence of factors suggests a potential price decline toward $2,300. The current data indicates a challenging environment for Ethereum to sustain its price level, with multiple indicators pointing toward further downward pressure.

The price of Ethereum (ETH) is facing challenges, struggling to maintain the $3,000 level. According to reports, weak onchain activity, reduced demand in the futures market, and selling activity among holders are contributing to a bearish outlook for ETH. This confluence of factors suggests a potential price decline toward $2,300. The current data indicates a challenging environment for Ethereum to sustain its price level, with multiple indicators pointing toward further downward pressure.