Currently, Ethereum's price remains under pressure after touching the $2960 resistance level, and is now oscillating within the $2900-$2960 range. Although the price is hovering around $2950, technical indicators show that the short-term upside potential is limited, and bearish pressure is building.

From the market perspective, multiple tests of the $2960 resistance have failed to produce a valid breakout, indicating significant supply pressure in that area. The market continues to consolidate at high levels but has not made new highs, forming a "double top, sideways consolidation" bearish pattern, which reflects a gradual weakening of buying momentum.
#加密市场小幅回暖 $ETH
If the price faces further downward pressure and breaks below the lower support of the $2900 range, it may test the $2860-$2840 zone further downward. It is crucial to monitor volume changes; a volume-supported decline will confirm a short-term correction trend. Until a clear breakout above $2960 occurs, it is advisable to view the market with a bearish oscillation bias, remaining alert to the risk of the price falling toward the lower end of the range or even lower.