Ethereum Price Remains Drab Under $3,000 Risking Another Major Dip Accentuated By Waning On-Chain Metrics

• Ethereum aggressively fights to step above $3,000 a cloud of doubt reigns at its ability to overcome congestion at $3,200.
• A dwindling on-chain activity is a bearish sign for Ethereum, implying that bulls may not have the power to sustain an uptrend.

Ethereum bulls have been pushing for action above $3,000, but all attempts made toward $3,200 have resulted in futility. The flagship smart contracts cryptocurrency token had retreated to a September low of $2,650 more than a week, but collectively, little progress has been made since then.