Ethereum (ETH) has witnessed an 18.61% decline over the past month, decreasing from a HIGH of 3,746 USD to a current price of 3,196 USD. This drop includes a 2.17% fall in the last day, continuing a trend of declining prices.

Significant selling pressure has been reported on Binance since November 2024, contributing to bearish market conditions for ETH. CryptoQuant indicates a negative Taker Buy/Sell Ratio during this period, suggesting that selling has outweighed buying.

Analysts suggest potential price targets for Ethereum could drop to 3,030 USD and possibly below 3,000 USD, with critical support around 2,810 USD. If conditions improve, ETH could recover to 3,300 USD.