
Ethereum, that once-proud titan of the blockchain, now lingers in the shadow of its former glory, hovering like a ghost beneath the $2,400 threshold. For four interminable weeks, the bulls have strained, their efforts as futile as Sisyphus pushing his boulder. Now, the price corrects, settling at a meager $2,270, a testament to the inertia of its decline. Since late April, the daily charts have wept with bearish tears, lower highs marking the slow descent into oblivion. A bearish channel looms, its lower bound at $2,200, a line in the sand that, once crossed, shall send ETH tumbling to $2,000. Oh, the hubris of man, who dares to dream of resistance!