$ETH Ethereum has recently struggled below the 200-day SMA (~$3,660) — a key technical resistance — which suggests continued downside pressure unless that level is convincingly reclaimed. �
Short-term price dips have been partly attributed to institutional profit-taking and scam-driven network activity, weakening confidence. �
$3,140 — immediate support on recent technical models. �
Psychological floor near ~$3,000 — often watched by traders.
