Tonight's market trend is quite ugly. BTC suddenly plunged from 91,600 to around 90,400, and this "painting gate" pattern directly dragged down ETH. Ethereum has been falling back from around 3,130 in the afternoon, currently hovering at 3,110, completely in a passive follow-down rhythm.

Compared to BTC still desperately holding above 90,000, ETH's rebound clearly lacks strength. The previous resistance zone at 3,130-3,150 indeed blocked the upward move, and now the price has returned to the short-term psychological line at 3,100. The situation isn't over yet—if BTC drops below 90,000 again tonight, ETH is very likely to break through 3,100 directly, testing the weekend's low at 3,080, or even lower. The current pattern is a failed rebound, re-entering a downtrend.

From the support and resistance perspective: 3,080 is the intraday warning line and also the low point left by the weekend spike, breaking below here means all short-term support is invalidated, and the decline will accelerate. Further down is 3,050, a strong support level, representing the structural bottom, the midpoint of the previous 3,000-3,100 oscillation zone, where buy orders are relatively strong. The last line of defense is the integer level at 3,000-3,020, the final fortress for the bulls. If this cannot hold, then it will depend on longer-term support levels.