币界网报道：Ethereum (ETH) is facing a potential 30% price drop as bearish trends dominate the market, with analysts pointing to weakening technical indicators and declining network activity. The second-largest cryptocurrency has struggled to maintain support above key levels, recently falling below $1,600 amid broader crypto market pressures. On-chain data shows reduced transaction volumes and declining active addresses, signaling waning investor interest. Technical charts reveal ETH breaking below critical moving averages, with the next major support zone around $1,100—a 30% decline from current levels. Market sentiment remains cautious as macroeconomic uncertainties persist, though some traders anticipate a potential rebound if Ethereum can hold above $1,500. The upcoming Ethereum network upgrades, including the Shanghai hard fork, could provide fundamental support, but short-term price action appears vulnerable to further downside.