<ul><li>Ethereum faced rejection at the 200-day moving average of $2.6K, indicating potential consolidation and deeper correction.</li><li>ETH price remains range-bound between the 100-day MA at $2K and the 200-day MA at $2.6K, with likelihood of decline towards lower boundary.</li><li>On the 4-hour chart, Ethereum is within a bearish rising wedge pattern, with a breakdown suggesting a move towards $2.2K support.</li><li>ETH sentiment analysis shows growing bearish pressure due to aggressive selling, with next major move dependent on selling pressure intensity.</li></ul>

Ethereum Price Analysis: Is $3K In Sight for ETH This Month?

Discover more