$ETH Breakdown or Bear Trap?
Ethereum just got smacked down from the $3,060 resistance with a heavy red candle, slicing through $3,000 and now clinging to the key $2,965 zone. Volume surged on this dump, signaling potential panic exits or a shakeout before a bounce.
Key Levels to Watch
Resistance:
• $3,000 – Psychological and structural level
• $3,060 – Intraday top and breakout barrier
Support:
• $2,965 – Immediate support zone
• $2,930 – Range low and make-or-break demand
Potential Moves
• Bullish Bounce: If ETH defends $2,965 and holds above $2,930, a reclaim toward $3K is very possible.
• Bearish Continuation: Loss of $2,930 may trigger another drop toward $2,880–2,850 region.
ETH bulls must react fast. If they don’t step in here, momentum may slip further.