Ethereum has recently intensified its downward trend, with the price falling below $2865 and currently consolidating around $2800. In the short term, if ETH can break through $2920, a slight rebound may occur; however, it remains in a bearish zone overall, below $2950, with a weak trend.

Currently, the hourly chart shows a bearish trend line resistance at $2920, with key resistance levels at $2960–3000. If the price breaks above $3065, there is even a possibility of targeting $3120–3150 in the short term.

Conversely, if it fails to break above $2920, the downward support is at $2840–2800, and if breached, it may further test $2780–2720, with the main support level at $2650. The short-term market still requires caution, with clear competition between bulls and bears. #ETH