Ethereum has been struggling to break above the $2,800 mark, leading to a negative sentiment among investors and analysts. However, there are reasons for optimism, as Ethereum is still trading within a bullish multi-year ascending triangle pattern. If key resistance levels are breached, this pattern could lead to a significant price increase. The next few days will be crucial in determining Ethereum's short-term direction and whether it can regain momentum. The $4,000 mark is seen as a critical supply zone, and breaking through it could ignite a rally. Bulls need to hold the $2,600 level as strong support and reclaim the $2,800 and $3,000 levels to signal a shift in market sentiment. Failure to do so could lead to further downside.



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