Yesterday, $ETH saw a high-volume drop to 3104, very close to the 3020 support level. Subsequently, the rebound also showed significant trading volume, and yesterday’s close formed a high-volume hammer candlestick, indicating strong buying and selling pressure for Ethereum.

Positive signs are starting to emerge, as there are clear signs of recovery in Ethereum ETF buying activity, which suggests optimism for Ethereum's future performance.

However, in a double-top pattern, the neckline that was broken becomes a critical resistance level. Additionally, the high trading volume during yesterday’s decline indicates strong selling pressure, suggesting that a retest is highly likely.

The most probable scenario is that Ethereum will rebound to test the neckline resistance level. If the breakout attempt fails, a second retest is expected to follow.

Insightful analysis! Ethereum's price movement seems to be at a critical juncture. Keeping an eye on the neckline resistance level sounds crucial for gauging market sentiment. Let's see how this unfolds and if the bullish momentum gains strength.