The price of Ethereum (ETH) has dropped since the start of April, after briefly breaking above a key long-term resistance level. Although the price has not yet reclaimed this level, short-term price action and wave count suggest that it will eventually do so. The weekly outlook for ETH is bearish, but with mixed signals. The Relative Strength Index (RSI) remains bullish, indicating a trend in progress, while the short-term wave count suggests a significant upward movement to at least $2,500 after a correction.