According to the source, ETH fell below $3,000 intraday, signaling a break of a major psychological level, source: X post dated Nov 17, 2025. The $3,000 round number is widely watched and often flips to resistance after a breakdown, source: Edwards and Magee, Technical Analysis of Stock Trends. Near-term levels traders commonly monitor are $2,950 and $2,900 on the downside, and $3,020–$3,050 on the upside, as liquidity frequently clusters around round numbers in crypto order books, source: Bouchaud et al. empirical order book studies and Binance public depth distributions. A daily close back above $3,000 would reduce downside momentum, while continued trade below $2,900 can accelerate liquidations toward $2,800 in highly leveraged markets, source: BitMEX Research on liquidation cascades and Glassnode derivatives metrics methodology.