1. Early morning and pre-market: Significant decline, testing low support levels

· Price lows: According to earlier analysis articles, the price once dropped to around $2,775.
· Market conditions: Market news during the same period also confirmed that Ethereum briefly fell below $2,800.
· Technical levels: Analysis indicates that **$2,775** is a major support level; if broken, the price may drop to $2,720.

2. Morning session: Strong rebound, recovering some losses

· Price high: Market data shows that the highest price today reached $2,973.57.
· Rebound confirmation: After 11 a.m., quick news confirmed Ethereum's price rebounded and broke through $2,900.
· Midday quote: Market conditions at noon showed Ethereum at $2,940.77, with an intraday increase of 3.79%.

3. Afternoon to present: Volatile consolidation, hovering around key levels

· Current volatility: As of the latest data (afternoon), the price is oscillating narrowly around $2,800.
· Key resistance: Technical analysis suggests that **$2,850** and **$2,925** are the current key resistance levels.

💡 Market background and outlook

The current broad volatility in the market is related to the overall cryptocurrency environment. Last night, the cryptocurrency market experienced a general decline, with the total market capitalization once falling below $3 trillion. Today’s rebound of Ethereum can be seen as a correction to the previous decline.

For the future, technical analysis indicates:

· Key for upward movement: A clear breakthrough of the resistance at **$2,925** is needed to have a chance to challenge the **$3,000** level again.
· Downside risk: If support cannot be maintained, the price may continue to decline.