As of 2:30 a.m. EST, Ethereum (ETH) was trading at $2,904, down 0.47% over the past 24 hours. Currently, Ether's price is constrained within a bearish triangle, with bulls struggling to push it higher. Over the past seven days, ETH has seen a 3% decline, and it has dropped over 7% in the last month, indicating that the downside trend may continue. Analyzing Ether’s price action suggests further potential declines in the near future, as market conditions and bearish patterns persist.