$ETH After a sharp decline, testing the key support level, 2950 is the dividing line between bulls and bears. There is a short-term rebound expectation, but the overall weakness remains unchanged.
3446+3380 form an M-head pattern, with the neckline under test; the 4-hour K-line shows a lower shadow around 2950 indicating support, the downward momentum is temporarily slowed, but the volume increases during the decline, indicating strong selling pressure.
✅Key Level Clear Version
Immediate support: 2900-2950 (previous dense area top, a break below will lead to rapid decline)
Strong support: 2800