Ethereum $ETH price has fallen below the previous low, and the current rebound should focus on the range between $2945-2975. If Ethereum can stand above $2975, then a 1-hour rebound may begin. During the rebound, it is necessary to pay attention to the resistance levels of $3005-3043 above. If the price does not rebound to these positions, the market may not rise rapidly in the short term.

If the rebound fails to stand, we will focus on the $2900 position to see if it can hold up. If $2900 cannot hold up, Ethereum may continue to fall, and the support levels below are $2863, $2820 and $2793.