Ethereum Drops Below $2,900 as Bears Hold Control and Key Levels Form Around $2,775-$2,925

Ethereum slid back under $2,900 after failing to sustain a move above $2,950 and is now trading below its 100-hour Simple Moving Average. The price has recently touched a low near $2,775 and is consolidating, with resistance clustered around $2,850-$2,925 and key support levels seen at $2,775 and $2,720. A breakout above $2,925 could open the door to the $3,000 area, while a clear drop under $2,775 might trigger further losses toward $2,640-$2,620.