The chart shows $ETH losing strength after rejecting the supply zone, with price pulling back toward the Support-1 region around $2.95k–$3.0k. If buyers fail to defend this area, the next key level is the demand zone near $2.75k–$2.80k. A strong reaction from either support could trigger a bullish continuation toward the $3.7k–$3.8k target zone, but weak momentum could open the door for a deeper decline