Ethereum found support at the $3K level after strong selling pressure, leading to a phase of consolidation. 📉 On the daily chart, the golden cross indicates a possible medium-term bullish reversal, which instills optimism in the market.

On the 4-hour chart, the $3K level serves as an important line of defense for the bulls. If the support holds, a new rally to $3.5K is possible. However, a breakdown below $3K could lead to a drop to $2.5K. 📈

The futures market shows signs of recovery, with rising funding rates, indicating an increase in long positions. This could push Ethereum towards resistance at $4K in the near future.