According to @KobeissiLetter, ETH fell below $2,900 as the broader crypto selloff hit new lows, highlighting ongoing downside pressure in Ethereum price action, source: The Kobeissi Letter on X, Nov 20, 2025. In technical analysis, round numbers like $2,900 are commonly treated as psychological support or resistance that can trigger momentum shifts when breached, source: Investopedia, Support and Resistance Basics. Traders typically monitor whether price reclaims a broken level such as $2,900 or continues to test lower round-number areas like $2,800 and $2,700 for potential reaction zones, source: Investopedia, Support and Resistance Basics.