**Is ETH struggling? The technical analysis reveals the truth**

The cryptocurrency market has collectively plummeted in the past couple of days, with BTC falling below 83k and SOL even dropping below 125. Although ETH has resisted the decline, it cannot escape the crisis, and is now making its last struggle at the critical support level around $2,700.

From the weekly perspective, ETH has retraced 43% from its high, and the current position is precisely at the 61.8% Fibonacci retracement level — this is a typical testing zone for professional traders. Whether this line holds or breaks will determine whether there is a rebound or a continued decline.

**Key points to focus on these positions:**
- $2,500-2,700 is the main support since June, as long as it doesn't break here, there is still hope.
- $2,100 is the secondary support, going lower would be dangerous.
- The target for the rebound is $3,000-3,200 above. Only if it stabilizes here will there be any improvement.

The 4-hour chart shows that there are already buyers at lower levels, indicating that they haven't given up yet. Although the cryptocurrency market is in a tough situation right now, it might actually present an opportunity to buy in at lower levels in the long run. It is still important to manage risks well and not go all-in.