🚨 Ethereum Dips Below $3K: Bearish Vibes or Buying Opportunity? 📉

Hey crypto fam! ETH just tumbled to $2,933.93 after a 2.06% drop in 24 hours, testing that crucial $2,800-$2,900 support zone. 😬 Bearish signals are flashing with RSI under 50, MACD showing declining momentum, and the price lagging below 100/200-day moving averages. Hourly RSI at 46-49 hints at weak momentum, but not oversold yet—watch for volatility with $18B open interest! ⚠️

Key catalysts: Massive $95.5M net outflows from US spot ETH ETFs on Dec 23, signaling reduced short-term demand. Plus, a whale dumped 100,000 ETH (~$292M) to Binance, sparking sell-off fears. 🐋💸

But hold up—on-chain data shows underlying strength, institutional accumulation, and ETH's DeFi dominance at over 68% TVL ($69B). Is this "Fear" mode (Index: 27) a dip to buy? Or more downside ahead? 🤔 Volume's at $21.08B, so let's see what whales do next!

What’s your take? Bullish rebound or further correction? Drop your thoughts below! 💬 #ETH #CryptoMarket #EthereumUpdate