During a market downturn, Ethereum's technical trend enters a sensitive zone. Analysts generally consider the $3020 region as the current key static support, a level that has historically contained declines multiple times. There is also structural support around $3090. Whether these supports can hold is the first critical point in assessing short-term strength or weakness.

The resistance levels above are equally clear. Analysts point out that $3400 is an important resistance barrier; before reclaiming this level, there is a high risk of the price retesting $3000. A nearer resistance is located near the $3150 trendline; only a successful breakout above this level could potentially reverse the short-term downtrend and lead to a rebound in the $3380-$3450 range. Currently, trading volume is shrinking, indicating decreased market participation, and a direction change needs confirmation through increased trading volume.

Key Points

· Key Supports: $3020 (static strong support) and $3090 (recent structural support).
· Core Resistances: $3150 (trendline resistance) and $3400 (strong resistance barrier).
· Focus: The market's reaction at support levels and whether volume increases upon breaking resistance.