⚠️📉 This Is Why Ethereum ( $ETH ) Risks Falling Below $3,000

📉 Ethereum Faces Bearish Pressure
Ethereum (ETH) has dropped 3% in the past 24 hours, putting its price at risk of falling below $3,000. Bearish indicators suggest growing downward momentum, threatening this critical support level.

⚠️ Sellers Dominate the Market
The MACD indicator on the ETH/USD chart is forming a potential death cross, with the MACD line nearing a fall below the signal line. This bearish signal highlights increasing selling pressure and the likelihood of further price declines.

📊 Aroon Indicator Confirms Downtrend
The Aroon Down line has risen to 78.57%, signaling frequent recent lows and strengthening bearish momentum. This trend suggests ETH is entering a downward phase as selling intensifies.

🔑 Key Support Levels
ETH trades at $3,333, resting above the $3,203 support level. A drop below this could push the price to $2,970 based on Fibonacci Retracement levels. A demand resurgence could, however, reverse the trend and propel ETH toward $3,500.

📈 Outlook and Risks
Ethereum’s current position depends on market demand and bearish momentum. Investors should watch key levels closely as ETH faces heightened volatility, balancing risks of decline with potential recovery opportunities.