$ETH #Ethereum Price at Risk of Extended Decline as Bears Regain Control

Ethereum (ETH) is facing renewed selling pressure as bearish momentum intensifies. After failing to hold support near the $3,000 mark, ETH has slipped below key moving averages, signaling the potential for a deeper correction. Market indicators show weakening buyer strength, and volume analysis suggests that sellers are regaining control.

If Ethereum fails to reclaim the $2,900-$3,000 resistance zone, we could see a slide toward $2,700 or even lower. Traders should watch for a potential RSI oversold bounce, but overall sentiment remains cautious.

Key Levels to Watch:

Resistance: $2,900–$3,000

Support: $2,700, then $2,500

Trend: Bearish unless price breaks back above $3,050 with volume

Will bulls step in or are we in for a deeper dip? Stay alert.

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