The main trend is still directed downward.
The pressure from above is obvious, and the structure remains intact.
The recent decline is not a panic sale, but represents liquidity + continuation of the structure.
The price is currently in a critical decision-making zone.
2,990: First attempt at short-term support
2,885: Intermediate support, where the structure weakens
2.770: Main support zone, risky below
In these zones, it's not the level that matters, but the reaction.
If support holds, a technical bounce will follow.
If it fails, the transition to the next lower range will accelerate.#Ethereum
ETH
2,850.64
-2.71%
is here at the decision-making point.
Patience is needed more than haste.