Ethereum (ETH) briefly dipped below $3,000, raising concerns about its potential for new all-time highs in 2025. Key resistance levels exist between $3,280 and $3,376, where over 4 million coins are held at unrealized losses, complicating upward movement. Technical indicators suggest a bearish trend, with a possible decline to $2,914 unless ETH breaks above $3,371, which could lead to a rally towards $4,109.