Ethereum’s price remains around 1,893 USD, well below the resistance level of 2,000 USD. A decline in network activity and total value locked has contributed to this stagnation, with a bear flag pattern indicating potential further price drops.

Recent outflows from Ethereum-related investment products have reached an alarming 265.4 million USD. The ongoing bearish trend is fueled by negative market conditions, evident in the 30% decline in decentralized exchange volumes.