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

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

Catalyst for change:

If US Treasury yields (4.43%) and the US Dollar Index (98.04) fall back, it will be favorable for risk assets.

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

Conclusion: Currently, this 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 high.