<ul data-eligibleForWebStory="false"><li>Ethereum made a strong comeback in the second quarter after a challenging start to the year.</li><li>The recent Ethereum price movement shows a trend of falling below $2,300 due to market tensions.</li><li>Market expert Aksel Kibar foresees a bearish trend for Ethereum in the coming weeks.</li><li>Kibar points to an ascending channel pattern on the Ethereum chart as a signal of potential downward movement.</li><li>A breakout below the lower trendline of the ascending channel could signify a shift to a downtrend.</li><li>Earlier this year, Ethereum experienced a significant bearish pressure leading to a drop to $1,200 before rebounding above $2,000.</li><li>Kibar suggests that the recent bullish momentum of Ethereum might be a retest of the broken lower channel boundary.</li><li>There is a possibility that Ethereum's price could head back to $1,200 or lower, potentially around $900.</li><li>As of now, Ethereum's price is below $2,300 with a 5% decline in the last 24 hours and nearly 9% decline on the weekly timeframe.</li></ul>

Ethereum Price To Resume Downtrend? Market Expert Identifies Bearish Chart Setup

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