Ethereum Slips Below $3,000, Then Rebounds as Traders Weigh Oversold Signals

Overview

• ETH fell to about $2,966 before recovering to roughly $3,183 by late session, according to Brave New Coin.
• On the daily chart, RSI sits near 30 and bearish momentum has dominated, though some analyses note a nascent bullish MACD crossover.
• More than $1.4 billion in ETF outflows and profit-taking from long-term holders were cited as key pressures on recent price action.
• The $3,000 area has become the immediate psychological and technical pivot that traders say will guide near-term direction.
• Outlooks diverge, with scenarios ranging from a rebound toward ~$4,415–$5,000 if key levels hold to a deeper slide into a $2,250–$2,620 accumulation zone.