Ethereum stuck under $3,000; analysts warn of $2,800 test and 16% monthly decline

According to NewsBTC, Ethereum has failed to reclaim $3,000 over the past 48 hours, with spot price hovering just above $2,940. Analysts on X, including Ted Pillows and Columbus, caution that without a swift move back above $3,000, ETH could retest $2,800, while overhead liquidity at $3,050–$3,250 and a 16% monthly drop signal fragile market conditions.