Prediction $ETH : The coin may fall below $3,000

Ethereum is currently above the critical support level of $2,942. If the market activity remains low, the altcoin may test this support for strength. The failure of the bulls to defend this level threatens to lead to a deeper decline to $2,787. On the other hand, if the market sentiment improves and demand resumes, ETH may bounce off the support level of $2,942 and resume the uptrend. Such a recovery can lift the price above the resistance level of $3,162 and potentially lead to a cyclical high of $3,443.$PROS $PNUT