The current trend for #ETH is a deep pullback within an upward trend, not a bear market decline. After the release of panic sentiment, if on-chain funds flow back (ETF + whales), the probability of a rebound is relatively high.

Short term (24H): If the support at 2930 holds, it may rebound to 3022 (4H resistance); if it breaks down, look down to 2860 (EMA144 daily line).

Mid term: The weekly EMA support (2580-2670) has not been broken, and after a pullback, it is expected to test the previous high of 3083.

Catalysts for change:

If the U.S. Treasury yield (4.43%) and the U.S. dollar index (98.04) decline, it would be favorable for risk assets.

Pay attention to the ETH Gas fee (90-day average 584,615) surging, which may indicate a rebound in on-chain activity.