After Ethereum broke below the key support of $3100 in the early morning, it quickly dipped to the level of $3022. Currently, it has rebounded to around $3060, but the rebound strength is weak and the trading volume has not effectively supported it, indicating insufficient market buying willingness, presenting an overall bearish pattern of "breaking down and then rebounding".

From a technical structure perspective, the price has confirmed that it is operating below the main moving average system, and the short-term moving averages are in a bearish arrangement. The area of $3080-$3100 has shifted from previous support to a key resistance zone. If the rebound cannot break through this resistance area with volume, the market will likely continue to show a bearish dominant trend. #美联储降息 $ETH

On the downside, it is essential to pay close attention to the support strength at the previous low of $3020. If this level is lost, the price may further open up downward space to the $2950-$2980 area. Before the price stabilizes above the $3100 level, the technical outlook remains bearish, and any weak rebound could become a new pressure test.