$ETH just went through a sharp correction, sliding from the $3,224 zone all the way down to $2,983, and now price is trying to stabilize around $3,023. The hourly chart shows a clear downtrend with MA5, MA10, and MA30 all pointing downward, signaling heavy pressure from sellers. But the candles near the bottom are starting to flatten, showing early signs of buyers trying to step back in.

If bulls can defend the $3,000–$3,020 support zone, $ETH may attempt a short-term rebound toward $3,060, $3,100, and possibly $3,150 if momentum strengthens. However, if price loses $3,000, another drop toward $2,960–$2,980 can play out quickly.

Volatility is high, liquidity is strong, and the next move will form right around this key support region.

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