#ETH broke below 3120 USD and started a new round of decline, with bears once approaching 3000 USD! Currently consolidating around 3026 USD, attempting a short-term rebound, targeting 3200 USD.
The hourly chart shows a descending trendline near 3175 USD, and a breakout above resistance could push towards 3250–3320 USD. Conversely, breaking below 3050 USD, support looks at 3020–3000 USD, and may even test 2940 USD⚠️.
Technical analysis: MACD shows bullish momentum warming up, RSI returning to 50+, short-term rebound is possible, but the trend still requires caution.
