## ETH's Key Level Bull-Bear Tests — Market Logic Behind the Lower Shadow

Recently, Ethereum (ETH) dropped from 3020 to 2780, catching many traders off guard. But a close look at this decline reveals a carefully orchestrated layout by the major players.

**The True Intent Behind the Surface Correction**

This drop appears to be driven by market sentiment panic—price breaking support levels, stop-loss chains triggering, high-leverage longs being liquidated. But fundamentally, this is a "shakeout" operation by the bullish main force at a critical price point. They deliberately contract liquidity, causing retail and indecisive holders to panic sell, creating opportunities for themselves to build positions at lower levels.

**Lower Shadow Signals Defensive Lines**

After ETH quickly rebounded from around 2780, a prominent lower shadow was left—this line is crucial. It indicates that the main force considers the 2780-2800 zone as an ideal defense area; further drops risk being bottomed out by other institutions. This zone is not only a technical support but also a cost-heavy area. Their defensive setup here suggests the long-term bullish logic remains intact.

**Technical Indicators Show a Stalemate**

ETH's candlestick is forming a narrowing triangle, with a bearish pressure line above and a bullish support line below. Although MACD shows a golden cross, the momentum is weak—this is just a technical rebound, not enough to declare a trend reversal. A true trend change requires stronger volume confirmation.

**Three Key Positions in the Bull-Bear Confrontation**

The bulls need to defend the 2880-2900 line; if they can break through 3020, a new upward wave may begin. The bears are setting defenses at 2950-2980, with below 3020 as their activity zone. Looking downward, 2780 is the first support; if broken, there are targets at 2720, 2650, and others.

**Current Market Status and Trading Suggestions**

According to the latest data, ETH is currently priced at $2.94K, with a 24-hour increase of +2.97%. The market is in a buildup phase; the lower shadow at 2780 indicates defensive strength is not weak. Spot investors can consider deploying gradually around 2780, while futures traders can buy low and sell high within the 2780-3020 range, with proper stop-loss setups. Cryptocurrency markets change rapidly, so continuous observation of market sentiment is essential for making prudent trading decisions.