As #Ethereum faces bearish pressure, its price has dipped below key support levels, particularly below $2,920. Should $ETH fail to hold above the crucial $2,800 support zone, further downward momentum may be expected. Currently consolidating around $2,813, Ethereum struggles to break above resistance levels at $2,965 and $3,000, with the 100-hourly Simple Moving Average acting as a barrier. A negative trend line and Fib retracement levels indicate hurdles around $3,050. Failure to breach these resistances could lead to further downside, with initial support near $2,850 and a critical support level at $2,820. Further declines may see #ETH testing levels around $2,650 and potentially $2,540.