$ETH

The recent movement of Ethereum actually had signs long ago. The consolidation lasted too long, and the direction will eventually break downward; it's just a matter of when.

Now, it looks like there may be a short-term technical rebound to give the bulls a breather. But if this rebound fails to gain momentum or shows weakness, the 3100 to 3000 range below will likely be tested. When market sentiment is weak, support levels tend to be more fragile than expected.

Everyone should manage risk properly and avoid blindly catching the bottom.