#数字资产市场动态 Ethereum has not been able to push higher since the rebound high of 3070 on Monday. Looking at the 15-minute chart, the downward structure has become quite clear, and now the focus should be on the 2900 support level.

In the past two days, the price indeed rebounded after approaching around 2900, rising back to the 2980 area. From a smaller timeframe perspective, although the previous downtrend was broken, whether the 2900 support can truly hold remains to be seen.

Let's discuss two scenarios:

**If 2900 holds** — then the previous downtrend structure is considered officially broken, and the market is likely to enter a consolidation phase. There will be opportunities to test the resistance zone between 2960 and 2980 again.

**If 2900 is broken** — the decline will continue. The next target is the daily support at 2800 to 2820. If that also fails to hold, then look further down to the daily minor low around 2750.

Currently, the market is highly correlated. ETF outflows have been ongoing in recent days, and there are many sell orders stacked above the 3000 level, indicating significant selling pressure. Essentially, large institutions are conducting deep washouts, which is also a process of re-pricing assets in the market. Coupled with relatively tight liquidity, traders should remain cautious, keep positions tight, and avoid greed. Wishing everyone smooth holdings!