Currently, ETH is hovering around $2,940, and the most intuitive feeling is weakness. After breaking below the psychological and integer level of $3,000 a few days ago, market sentiment has clearly shifted to "extreme panic." Currently, the bulls are a bit discouraged, while the bears are testing the support levels below.
Key Levels Resistance: $3,050 - $3,080
This was previously a support turned resistance (S/R Flip).
As long as it cannot recover above $3,050, all rebounds can only be seen as a "dead cat bounce."
$ETH Support below: $2,880 - $2,900
This is the current lifeline. If $2,880 is