- Ethereum dropped below the key $3,000 support level.
- The bounce remains weak, hinting at further downside.
- $2,800–$2,900 could act as a local bottom for ETH.
Ethereum ( ETH ) recently slipped under the critical $3,000 support level, triggering liquidity grabs and raising concerns among traders. The market has seen increased volatility, and while a bounce occurred, its strength hasn’t been convincing. This has led many analysts to believe ETH may not be done with its downward move just yet.
The dip below $3,000 flushed out weak hands, collecting liquidity in a classic market structure move. However, without a strong push upward, there’s a real possibility that Ethereum could revisit lower zones to form a more solid base.
$2,800–$2,900: A Crucial Demand Zone
The $2,800–$2,900 range is now emerging as the next potential support zone. Historically, this area has seen significant buying interest, making it a likely candidate for ETH to establish a local bottom. If Ethereum returns to this level, traders will be watching closely for signs of accumulation or strong bounce signals to confirm a reversal.
Many are pointing out that without renewed bullish momentum, a revisit is not just possible—it may be necessary for ETH to stabilize before the next leg up. Market sentiment remains cautious, especially with broader macroeconomic factors and BTC ’s price action influencing altcoins.
Traders Stay Alert
For now, Ethereum investors are urged to watch price action around the $2,800–$2,900 zone. If bulls defend this range successfully, it could offer a strong foundation for a recovery. However, if it fails, the downside could deepen.
Risk management and patience are key. Ethereum’s long-term outlook remains strong, but short-term traders should prepare for more volatility before the next clear direction emerges.
Read Also :
- Bitcoin ETFs See $255M Outflow, Led by BlackRock
- AMINA Bank Gets SFC Approval for Crypto Services
- Matt Hougan & Tom Lee See Bitcoin Dip as Opportunity
- HIVE Digital Technologies Soars on Record $87.3M Revenue
- Ethereum Eyes $2.8K Zone as Weak Bounce Signals More Dip
