💥 ALERT: $ETH Approaching Critical Support at ~$3,000! 💥
🔎 According to recent analysis, ETH is sliding toward the $3,000–$3,050 demand zone, a major price block that underpinned its recent rally.
🧠 If this area holds, we could see a bounce toward $3,400–$3,550. But if ETH falls below $2,950, it could expose deeper levels near $2,600–$2,700.
📉 Technical cues:
100‑day MA rejected at ~$3,800 ⇒ medium‑term momentum is weak
Descending structure & falling wedge signal correction phase
📊 On‑chain shows: Retail orders dominant, big players mostly quiet → this could mean accumulation or just forced liquidation.
📍 Key levels:
Support: ~$3K
Resistance: ~$3,350 (if bounce)
Downside risk: <$2,950
⚠️ What to watch: A higher‑low structure around $3K can signal a rebound — but if ETH closes decisively below it, the downtrend continues.
