Currently, ETH is showing a decline with increasing volume, with the price falling consecutively over several candles, indicating that short-term bears are dominant. Technical indicators such as RSI and KDJ are in an extremely oversold state, which theoretically suggests the possibility of a short-term correction. MACD remains in a bearish configuration, and the trend has not yet shifted to bullish. It should be noted that the current price is already very close to the support level of 2,905 USDT. If the support is broken, it could trigger further forced liquidations and the risk of (news, with a drop below the level of 2,900, leading to the liquidation of orders totaling 5.27 billion USDT). However, if support can be maintained, the rebound potential ranges between 2,950-2,970 USDT.