Ethereum's price has been struggling to break the $2,681 resistance level for weeks, leading to increased short-term losses for investors. The lack of sustained bullish momentum and weak institutional flows are causing concern among Ethereum investors. Despite this, the Chaikin Money Flow indicator recently hit a three-and-a-half-month high, suggesting that accumulation is still happening. However, the overall bearishness in the market and the lack of a significant catalyst suggest that Ethereum will likely continue to trade sideways between $2,681 and $2,546. Only a decisive break above $2,681 can invalidate the bearish outlook for Ethereum.



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