Amid a general market crash, Ethereum's price experiences a 2.50% decline, raising worries of a potential fall to $3,000. Investors are concerned about an intense correction.

Despite the recent setback, some investors maintain hope for Ethereum's long-term growth due to potential benefits from Bitcoin Halving, which could ignite a bullish trend.

Ethereum, with a market capitalization of $382 billion, has witnessed an 18% decrease over recent weeks. Finding support at the 50% Fibonacci level, approximately $2,850, the ETH price faces resistance amidst fluctuations, contributing to market volatility.

Analyzing Ethereum's Progress

Currently priced at $3,140, Ethereum displays an intraday Doji candle, emphasizing its unpredictable nature. Future growth for ETH depends on market conditions steering clear of further declines.

Technical indicators for Ethereum present a mixed outlook. While a bearish crossover in the MACD and signal lines reflects the recent pullback, a potential rebound from the 50% Fib level could reignite a positive trajectory.

A breakout above the $3,265 resistance level could signify an entry point for further growth if Ethereum's upward trend continues, potentially challenging the significant $4,000 resistance barrier, leading to a 25% surge.

However, chances of ETH dropping to $3,000 are slim yet concerning, adding to market uncertainty as investors assess Ethereum's future price movements under present conditions.