The market turmoil this week was not kind to ETH, which saw its daily close fall below $3,000 for the first time since September. At the height of the collapse, ETH hit a low of $2,300 on Bitstamp. ETH has been able to recover since yesterday, until it ran into the $2,500 support turned resistance. ETH is likely to have entered a severe drop after losing the $3,000 support.