In the context of a market downturn, Ethereum's technical trend has entered a sensitive zone. Analysts generally view the $3020 area as the current key static support, a position that has historically curtailed declines multiple times. There is also structural support around $3090. Whether these supports can be maintained is the first checkpoint for assessing short-term strength or weakness.

The resistance above is also clear. Analysts point out that $3400 is an important resistance level, and before reclaiming this position, the risk of the price retesting $3000 is very high. Closer resistance is located near the $3150 trendline; an effective breakthrough of this position is necessary to hope to reverse the short-term downtrend and rebound towards the $3380-$3450 range. Current trading volume is shrinking, indicating a decline in market participation, and direction selection needs to be confirmed with increased trading volume.

Key Points

· Key Support: $3020 (static strong support) and $3090 (recent structural support).

· Core Resistance: $3150 (trendline resistance) and $3400 (strong resistance level).

· Focus of Observation: Price response at support levels, and whether breakthroughs in resistance are accompanied by increased trading volume.