The price of Ethereum (ETH) has decreased by 7% in the past 24 hours, signaling a potential further decline below $3,000. The recent death cross in ETH's EMA lines indicates a growing downtrend as sellers gain control. If key support levels are breached, ETH could drop to $2,927 or even $2,358, its lowest point since November 2024. However, if there is a reversal in momentum, ETH could target resistance at $3,334 and potentially recover. The ADX on Ethereum's DMI chart has risen sharply, suggesting increasing trend strength. The number of wallets holding at least 1,000 ETH, known as whales, has started to recover, indicating potential buying interest and bullish sentiment in the market.



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