$ETH Update

Current Price: $3,057.77 (-3.32%)

24h Key Statistics:

· 24h High: $3,273.40

· 24h Low: $3,045.31

· 24h Volume: 480,897 ETH ($1.54B)

· 24h Range: $228.09 (Moderate Volatility)

Technical Analysis Overview

$ETH is experiencing continuous selling pressure, breaking below the critical support level of $3,184 and now testing new lows near $3,045. The price is trading in a clear downtrend channel with consistent distribution patterns.

Critical Price Levels

Resistance:

· Immediate: $3,084

· Strong: $3,134

· Major: $3,184 (Previous support, now resistance)

Support:

· Immediate: $3,045 (24h Low)

· Strong: $3,000 (Psychological)

· Critical: $2,950

Market Outlook and Price Action

#ETH shows sustained bearish momentum with several concerning signals:

· Continuation of the Drop: -3.32% indicates persistent selling pressure

· Healthy Volume: $1.54B confirms ongoing institutional distribution

· New Lows: Establishing new support levels at $3,045

· Downtrend Channel: Clear bearish structure intact

Trading Scenarios

Bullish Reversal:

Hold $3,045 and reclaim resistance at $3,084

Bearish Continuation:

Breaking below $3,045 could target the psychological support of $3,000

Range Formation:

Consolidation between $3,045-$3,084

Summary

ETH is in a deteriorated technical position with key developments:

1. Critical support broken at $3,184

2. Testing new lows at $3,045

3. Consistent selling volume despite lower prices

4. Clear downtrend structure with lower highs and lower lows

Defending the level of $3,045 is crucial to prevent a drop towards the psychological support zone of $3,000.

$ETH continues its bearish trend with new lows. Watch closely the level of $3,045 - a break could quickly test the psychological support of $3,000, which could trigger selling pressure#Marialecripto