Ethereum struggles to regain momentum after 15.8% decline, trading sideways as investors adjust positions cautiously. Selling pressure eases, but price recovery limited due to broader market headwinds. Exchange data shows gradual decline in outflows, signaling potential stabilization in price.

RSI indicates bearish pressure persists for Ethereum, with path to recovery uncertain. RSI below 50 suggests sellers hold dominance, hindering bullish momentum. Price currently at $3,512, must break $3,607 resistance for trend shift. Price consolidation expected within $3,489 to $3,287 range.

If market conditions improve, Ethereum could test $3,607 and push toward $3,802. Breakout would signal bullish strength and invalidate bearish outlook. Investors cautious as altcoin king remains below key resistance levels, awaiting confirmation of price recovery.

Read more at Yahoo Finance: Ethereum Investors Reverse Selling, But The Price Still Faces Trouble