Global #bearish trend line

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, is experiencing a gradual decline as market pressure intensifies. The cryptocurrency has recently struggled to maintain its upward momentum, with its price slipping below key support levels.

The price of Ethereum is aiming for a potential upward breakthrough beyond the $2,900 mark. For Ethereum to sustain its upward momentum in the short term, it needs to establish stability above key resistance levels at $2,900 and $2,940.