Can Ethereum Hold $3K??

Ethereum has broken down briefly giving up the $3K handle. We have been noting weakness in the crypto markets for some time now, and anticipated support at $3K, which we saw. We did break into the upper $2K's, finding support at $2965 where support was confirmed by several green triangles on the KRI. However, we did not see much of a buyback which suggests that buyers are still not seeing the high $2K's as enticing. We are seeing strong support from $2965, but if we break lower, $2852 is the next target. We should see resistance at or around $3200 if we are able to pivot from current levels.