Today, Ethereum continued its downward trend, with a significant price drop, touching the $2,800 level; a level that is technically very important for traders. This drop occurred in a situation where short-term selling pressure increased and the market is waiting for the determination of key supports. However, the price of Ethereum returned to the $2,900 level as of this evening. According to market data, the price of Ethereum has declined more rapidly in recent days and has approached multi-week lows after breaking higher supports. The weekly chart shows that ETH has entered a correction phase from the upper $3,100 range and is now fluctuating around $2,800 to $3,000.