Ethereum Struggles Below $3K – Another Failed Rally Ahead?

Over the past few months, Ethereum has been a disappointment for bulls, struggling to maintain momentum.
Despite Bitcoin testing its all-time highs, ETHUSD has consistently rolled back from the 4K resistance, forming lower highs along the way.

Bitcoin’s recent drop to 90K triggered a sharp decline in ETH, pushing it down to the critical 2.1K support zone.
While the price is currently rebounding, I believe this recovery will likely turn into another failed rally.

My bias remains bearish on ETH/USD as long as the price stays below 3K. I’m looking to sell rallies into that zone.

Only a sustained breakout above $3,200 with strong buying pressure would invalidate this bearish outlook.