The latest data shows that the current price of ETH has fallen below 3000 USDT, with a quote of 2994.33 USDT, a drop of 0.68% in 24 hours.
Current market reaction
ETH's fall below the price point of 3000 USDT may indicate the market's cautious attitude towards the overall trend of cryptocurrencies. This price adjustment reflects the increase in selling pressure in the market or the dynamics of investors' profit taking.
Analysis and prediction
Support and resistance levels
Support level analysis: ETH may encounter support from increased buying interest below 3000 USDT, as this price point is generally regarded as an important technical support level.
Resistance level analysis: Under the current circumstances, ETH needs to break through 3000 USDT to regain its upward momentum, otherwise it may continue to face downside risks.
