Ethereum Faces New Challenges as Price Slips Further
After a turbulent week, Ethereum’s price is showing signs of weakness. It has dropped nearly 7% in the last 24 hours and 12% over the past week. The token is now trading around $3,773, which is about 15% lower than its price a month ago.
The $3,800 level is crucial. If Ethereum closes the week below this point, it could fall towards $3,450–$3,500. This area has seen meaningful buying interest in the past.
A recovery above $3,800 and $4,250 would need strong support from institutional investors and ETF inflows. Without this, the market remains vulnerable.
Ethereum’s recent decline follows last week’s sharp market crash.The token briefly fell below $3,500 before recovering to just above $4,250.However,it faced heavy selling pressure at this level.
Technical indicators suggest the market is tired, with no strong bullish sentiment. If sellers continue to dominate, Ethereum could face a deeper correction towards $3,500.
For a bullish outlook, Ethereum needs to close the week above $3,800. This would reignite hopes for a fresh run at $4,250. But overcoming this resistance will require more than just technical momentum. Strong volume and visible buying from institutional investors are essential.
Without these supportive forces,Ethereum’s price remains vulnerable. The $3,500 level is increasingly in play.Traders will watch this level closely for signs of a potential rebound.
