Ethereum has repeatedly encountered resistance at the $3000 mark, which is no longer news. Since the big dump to $2620 in mid-November, ETH has been testing around $3000 repeatedly but has not been able to hold above.

On-chain data has started to turn bearish, and many traders are now more concerned about: if the $2800 support line cannot hold, what comes next? Market sentiment has shifted from anticipating a rebound to cautious observation. It is difficult to say whether this adjustment is a healthy accumulation of momentum or the prelude to a larger fall. But one thing is clear - for Ether to recover in the short term, it depends on whether these key supports can hold above.