ETH shows a lack of buying momentum recently, with price action indicating a bearish outlook. Ethereum must establish support at 2,900 USD for any positive shift.

Resistance at 2,800 USD is proving significant, and the rise in the Korea Premium Index points to East Asian demand, although selling persists.

The Ethereum liquidation heatmap highlights critical zones at 2,900 USD and 2,500 USD, suggesting potential price movements in the coming days.