Market Status: Ethereum has fallen to a critical level, technical indicators are "oversold," and a rebound could be imminent, but it needs to hold the vital support line.
Support levels (where it can hold if it drops):
Core support / vital line: 2,780 - 2,788.
Resistance above (where it will encounter resistance if it rises):
2,890 - 2,950. To rebound, it must first break through this area.
Attempting a rebound: Consider a small position around 2,780 - 2,800, with a strict stop-loss set below 2,720. The initial rebound target is 2,950.
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