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🚨 Red alert: The 3000 mark has been confirmed as lost, Monday market turning point! Latest situation + support resistance level sharing!!! #ETH $ETH
Latest situation: ETH has ultimately failed to hold its ground, with the price effectively breaking below the key psychological and round number of 3000 USD. Compared to BTC's relative strength (still around 88k), ETH shows extreme weakness and a lack of liquidity.
Time node: It is now 2 AM on Monday, right before the opening of the Asian market, the **"darkest hour"**. The drop at this time often has the nature of "squeeze out" or "final cleansing."
Core logic:
Bearish target: After breaking through 3000, it triggers long stop losses, leading to an inertia drop to test 2950 or even lower at 2880.
Bullish Outlook: If it can quickly recover above 3005 before 8 AM on Monday, it will form a "Bear Trap," followed by a violent rebound; if it continues to stay below 2980, the downtrend will be established.