🚨 ETH breaks the psychological support of $3,000: signal of weakness or opportunity?
Ethereum has just breached the barrier of 3,000 USDT, a level that many traders considered key both for its psychological weight and for the accumulation of orders in that area. The drop reflects an increase in selling pressure, likely linked to profit-taking after the previous rally and the lack of buying volume to sustain the momentum.
In the chart, it is observed that immediate support is located between 2,850 – 2,900 USDT, where short-term moving averages and liquidity zones converge. If ETH manages to stabilize there, it could be an attractive technical bounce for scalpers and swing traders. However, losing that range would open the door to a deeper correction towards 2,700 USDT, a level that coincides with recent lows and an area of strong institutional interest.
Market sentiment remains mixed: while some interpret the breakout as a signal of weakness, others see a discount accumulation opportunity, especially considering the advancement of the Ethereum network in scalability solutions and the growing use of DeFi.
📊 Key points to watch:
- Volume in the zone of 2,850 – 2,900 USDT.
- Market reaction to macro news (rates, dollar).
- Dominance of BTC, which could drag ETH if the bearish pressure continues.
In conclusion, the drop below 3,000 is not necessarily the end of the rally, but rather a reminder that the market demands caution and risk management.
