Ethereum’s selloff accelerated after it slipped below $2,860, then $2,840. It shifted the short-term structure into a bearish zone. Sellers later pressed the price under $2,800 during the decline.
The move found support near $2,780, where selling pressure slowed. From that level, ETH staged a rebound and climbed back above $2,880. The recovery cleared the 50% Fibonacci retracement from the $3,066 high to the $2,784 low.
Price action also broke above a bearish trend line near $2,910 on the hourly chart. Ethereum now trades above that level and the 100-hour moving average, while $2,960 stands as the next resistance area.