<ul><li>Ethereum is currently trading around $2.5K with a slight gain of over 0.20% in the last 24 hours.</li><li>A brief 1.66% spike in the market pushed the crypto market cap to $3.33 trillion, but Ethereum faces a bearish net that may hinder bullish emergence.</li><li>The price of ETH could drop towards $2,505 if bearish momentum continues, while potential upside could see it reaching $2,660 supported by bullish indicators like the BBP value and RSI level.</li><li>Technical analysis indicators like MACD signal a potential downtrend for Ethereum, while indicators like CMF, BBP value, and RSI suggest bullish momentum and possible upward movement in the future.</li></ul>

Ethereum (ETH) Faces a Critical Test, Will It Bounce Back or Fall Further From $3K?

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