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The ETH price showed a modest drop of 0.3% during the U.S. trading session on Wednesday, currently trading at $2432

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The ETH price showed a modest drop of 0.3% during the U.S. Trading session on Wednesday , currently trading at $ 2432 .

A symmetrical triangle pattern drives the mid-term sideways trend in the ETH price.

The 365-day MVRV ratio around 13.7% hints at a possible long-term recovery.

15% decline in 24-hour active addresses and a steady rise in ETH supply since July suggest weaker network activity.