Ether (ETH) has seen modest gains, reaching $3,000 briefly. However, decreased demand and negative spot ETF flows could push the price below $2,000 in the coming weeks. One demand metric has dropped to 10-month lows, signaling aggressive distribution. Key support is at $2,800-$3,000, with potential buy walls in the $2,500-$2,600 range. The bear flag pattern suggests a possible drop to $1,850 if support is lost. Holding above $3,000 is crucial, supported by bullish network metrics and record staking demand.

Read more at Cointelegraph: Here’s Why Ethereum Price is Starting to Look Bearish Around $3K