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Wait, did anyone else catch that massive rejection at the 3k level?
$ETH just took a nasty dive right after hitting 3,013. That huge red candle wiped out hours of slow grinding in a single hour.
Right now we’re sitting at 2,976. The volume on that drop was pretty significant, showing some heavy selling pressure as soon as we tapped that psychological resistance.
Looking at the price action, we’ve found a bit of local support around 2,944, but the bounce back feels a little weak so far.
If we can’t reclaim 2,985 soon, I’m expecting another test of the 2,940 area. Staying cautious here until the dust settles.
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