Ethereum Faces New Challenges as Price Slips Further
ethereum’s price has taken a hit, falling nearly 7% in just 24 hours. Over the past week, it’s down by 12%. The token is now trading around $3,773, which is about 15% lower than last month.
The $3,800 level is crucial. If Ethereum closes the week below this point, it could drop to $3,773, a 15% drop from last month. This decline erases recent gains and signals growing market weakness.
The $3,800 level is critical. If it closes below this point for the week, it could drop to $3,450–$3,500. This area has seen heavy buying interest in the past.
A recovery above $3,800 and $4,250 would need strong institutional demand and ETF inflows.
Ethereum’s price has fallen nearly 7% in 24 hours and 12% over the past week. It’s now trading near $3,773, about 15% lower than last month. This signals growing weakness in the market.
Last week’s market crash sent Ethereum below $3,500. A swift weekend bounce brought it back above $4,250. But heavy selling pressure met it there. Technical indicators show market fatigue and lack of bullish confidence.
Wiht sellers in control, Ethereum could face a deeper correction toward $3,500. This level is vital for short- and medium-term price action.
Ethereum is just under a key weekly support level. If it closes below $3,800 this week, it could flip to resistance. Traders will then look at $3,450, where past buying sparked rebounds.
Conversely, a weekly close above $3,800 would boost bullish hopes. Ethereum could then aim for $4,250. But overcoming this resistance needs more than technical momentum. Strong volume,institutional buying,and ETF inflows are essential.
