The Ethereum price experienced a decline after failing to surpass the $3,220 level. It dropped below $3,050 before recovering slightly. The price is now consolidating losses and faces resistance around the $3,200 area. Key resistance levels include $3,220 and $3,270, with a clear move above $3,270 potentially leading to further gains. On the downside, support levels are at $3,050, $3,020, and $2,950, with the next significant support level at $2,880. Technical indicators show bearish momentum with the MACD in the bearish zone and the RSI below 50.



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