💥 ALERT: $ETH Approaching Critical Support at ~$3,000! 💥

🔎 According to recent analysis, ETH is sliding toward the $3,000–$3,050 demand zone, a major price block that underpinned its recent rally.

🧠 If this area holds, we could see a bounce toward $3,400–$3,550. But if ETH falls below $2,950, it could expose deeper levels near $2,600–$2,700.

📉 Technical cues:

100‑day MA rejected at ~$3,800 ⇒ medium‑term momentum is weak

Descending structure & falling wedge signal correction phase

📊 On‑chain shows: Retail orders dominant, big players mostly quiet → this could mean accumulation or just forced liquidation.

📍 Key levels:

Support: ~$3K

Resistance: ~$3,350 (if bounce)

Downside risk: <$2,950

⚠️ What to watch: A higher‑low structure around $3K can signal a rebound — but if ETH closes decisively below it, the downtrend continues.

$ETH

ETH

2,010.52

-3.67%