Ethereum price remains sideways with a slight downtrend, currently trading around $1904, holding above the support level of $1816. Network growth has significantly slowed, with daily new addresses dropping nearly 36% to 191,000, hitting a two-month low and indicating a decline in natural demand. However, the holder retention rate, although at a 4.5-year low of 92.4%, shows early signs of a slight rebound, suggesting long-term participants are stabilizing. The Chaikin Money Flow indicator has turned positive, implying that capital inflow is improving, which is crucial for the price to rebound to the resistance level of $2165.