Ethereum recently reached the range of 3050 to 3060, but the problem here is that the selling liquidity was excessively high — many sell orders accumulated in this area, leading to a direct price reversal downward. You can see that this wave of decline was accompanied by dense sell signals, as the market drained liquidity in this area decisively.

Then ETH retreated to the range of 2925 to 2950, an area with high trading volume density, and also the most important current support level. Trading volume here is large, and transactions are very active. If the price drops below 2925, liquidity will quickly dry up, and downward pressures may accelerate; but conversely, once it stabilizes above 3000 and continues to rise, there is a chance to attack liquidity again from above. This is the current critical point.