Ethereum Under Pressure: Analyst Warns of a Potential Drop as ETH Is ‘Looking Weak’

Earlier this month, it seemed like Ethereum (ETH) was on its way to reclaim $2,500, but the bears intercepted the move. Currently, the asset trades at around $2,300, and some analysts believe a more substantial correction could be knocking on the door. On the other hand, certain on-chain indicators suggest that the bulls might regain control in the near future. Plunge on the Way? According to X user Ted, the asset is…