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Ethereum's downside retest just played out exactly as expected, though not without drama. That $3288 resistance turned out to be the real wall—price action has been anything but smooth around these levels. Now we're sitting on the support zone between $2888 and $3057, which is holding so far. The initial bounce looks decent on paper, but here's the thing: London close could bring fresh selling pressure. Market structure suggests there's still potential downside to explore, so traders should stay nimble. Watch how price responds to that lower support band—if it cracks, we might see another leg down before any meaningful recovery.