Ethereum slips below $3,120, eyes $3,200 rebound while $3,000 looms

Ethereum extended its pullback from the $3,250 area and is trading under $3,200 and the 100-hour Simple Moving Average. A bearish trendline near $3,175 caps attempts to recover, while the recent low printed at $3,026. A move above $3,200 could open $3,250, whereas failure may refocus price toward $3,080, $3,050, and possibly $3,000.