Ethereum Faces Uphill Battle to Reclaim $2K as Bearish Signs Mount
- Ethereum price rejected multiple times at $2,000 resistance level, resembling 2018-2019 bear cycle
- Stronger dollar and Bitcoin outperformance weighing on Ether price in 2023
- Declining TVL, fees, NFT volume indicating reduced Ethereum network activity
- Potential bounce to 50-day EMA around $1,665 in short term
- Overall bearish triangle breakdown risks crashing to $1,465-$1,560 support area
