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Ethereum faces psychological resistance at $3K; downward risk needs to be cautious
Ethereum (Ethereum) recently engaged in a tug-of-war near the critical support level of $3,000. According to the latest data, ETH is currently trading around $3.10K, with a 24-hour decline of -0.68%, and the market faces certain downside pressure.
Although there are signs of a short-term rebound, many traders warn that Ethereum still carries the risk of breaking downward. This thousand-dollar threshold is particularly important for market participants—if it is lost, there could be further deeper adjustments.
From a technical perspective, Ethereum’s current trend shows signs of consolidation, with bulls and bears fighting fiercely at this level. Analysts point out that although there has been a rebound, risks still exist. Investors should closely monitor the stability of the $3,000 support and pay attention to broader market trends.