The Ethereum price has been struggling to break above the $2,750 resistance level, leading to a recent downturn. According to market analysis, ETH traded below $2,680, sparking concerns about a potential recovery. Despite the setback, many experts believe that the cryptocurrency's fundamentals remain strong, citing its robust decentralized application (dApp) ecosystem and growing adoption.

Source: https://www.newsbtc.com/analysis/eth/ethereum-price-battles-2650/