<ul><li>Ethereum's price struggles to break above $2,800 resistance level after a strong rally in May.</li><li>Bulls holding higher lows in the short term, but repeated rejection raises concerns about buyer conviction.</li><li>Technical analysis shows Ethereum consolidating below $2,800, with potential for bullish breakout towards $3,400–$3,600 or bearish retest of $2,200.</li><li>Sentiment analysis indicates moderate spot demand from US-based investors, but a potential decline could lead to ETH correction.</li></ul>

Ethereum Price Analysis: Is ETH Dumping to $2K Next as Momentum Fades?

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