In the past two days, the trend of Ethereum has made many people a bit anxious. The price has not been able to regain the $3000 mark, which is seen as a "boundary line of strength and weakness" by many investors. If it can't return to this level by the weekend, concerns about further declines in the market will intensify.

Some analysts point out that if Ethereum cannot recover $3000 in the short term, the price may further dip to around $2800. Based on the current price of about $2940, this implies a potential downside of about 5%. Looking at the entire month, Ethereum has already dropped by about 16%, indicating a generally weak market.

Another analyst explained the reasons for Ethereum's weakness from a comparative perspective with Bitcoin. He found that Ethereum's price has been long pressed below an important average cost line, making every rebound seem quite difficult, suggesting that the market is not very confident about rising. The recent rebound seen around $2800–$2850 appears more like a "technical rebound after a significant drop," rather than strong capital actively entering the market.

Moreover, there is heavy selling pressure in the $3050–$3250 range, making it easy for people to sell when the price reaches this level, causing it to be pushed back down. If it cannot truly break through and stabilize in this area, upward movements are often just temporary rebounds, rather than trend reversals.

A more cautious viewpoint suggests that if Ethereum cannot even hold $2850, the price may further dip, potentially returning to the more volatile range of $2400–$2700.

Looking further ahead, some analysts use historical trend models to speculate that Ethereum may experience a deep adjustment in the future, with the most pessimistic scenario seeing a long-term target even as low as around $1300. Of course, this is an extreme prediction and does not necessarily mean it will happen.

For newcomers in the cryptocurrency space, it's important to remember one key phrase: $3000 is crucial, pay attention to the trend, and don't easily chase after price increases or panic sell.