## Ethereum Retreating to $3,000 Psychological Barrier — Where Recovery Hinges on Breaking $3,200
Ethereum is experiencing renewed selling pressure, with ETH currently trading at **$2.94K** (down 0.90% over 24 hours). The pullback has brought the market to a critical juncture, where **$3,000** represents both a psychological support zone and a pivotal decision point between capitulation and stabilization.
### The Setup: From $3,180 Collapse to Current Weakness
The downtrend initiated when ETH failed to sustain above the **$3,180** level, aligning with Bitcoin weakness across the broader marke
Ethereum is experiencing renewed selling pressure, with ETH currently trading at **$2.94K** (down 0.90% over 24 hours). The pullback has brought the market to a critical juncture, where **$3,000** represents both a psychological support zone and a pivotal decision point between capitulation and stabilization.
### The Setup: From $3,180 Collapse to Current Weakness
The downtrend initiated when ETH failed to sustain above the **$3,180** level, aligning with Bitcoin weakness across the broader marke