Ethereum Falls Below $3,000 Amid Intensifying Bearish Trend

Ethereum's price has dropped below $3,000 after failing to hold above $3,150, continuing its downward trend. The cryptocurrency is trading under $3,100 and the 100-hourly SMA, with further declines possible if it stays below key resistance levels. Resistance is seen at $3,050 and $3,150, while support lies near $2,950 and $2,880.