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Ethereum's price continued to fiercely battle around the key psychological and technical level of $3,000 over the weekend. Currently, the price is moving in a narrow range near $3,040, which has become the core area that will determine the short-term market direction. If the daily close confirms a break below this level, historical patterns suggest it could trigger a 20%-25% decline, targeting deeper support at $2,800 or even $2,787. Market sentiment is extremely fragile, with the Fear & Greed Index having dropped to 21, indicating an "Extreme Fear" zone. Traders are closely watching the durability of this support, order book depth, and whether spot demand can recover. Follow and subscribe for daily market analysis $ETH