ETH sideways struggle hard to break through! 2980 level becomes the lifeline for bulls

ETH continues to trade sideways, last night's rally only reached the 2980 resistance level before facing pressure and falling back, failing to achieve an effective breakthrough.

The intra-day rebound pressure range remains unchanged at 2980-3015; as long as this range holds, the strength of the bullish rebound will continue to be limited. The key support below is focused on 2880, and once it is lost, the market is likely to enter a new round of decline, with subsequent support targets looking down at 2800, 2700, and 2600.

If the market strongly breaks through the 3015 resistance level, the rebound space above will be opened up, potentially looking further up towards around 3100.