Ethereum ($ETH ) is facing a notable downtrend, currently trading at $3,864.50, after dropping from a 24-hour high of $3,987.41 to a low of $3,796.80. The price broke below the $3,900 support, signaling strong bearish pressure.
Indicators like the KDJ bearish crossover and increased selling volume confirm the weakening momentum.
Key levels to watch include resistance at $3,900 and $3,987, with critical support at $3,850 and $3,800, as $ETH struggles to regain bullish traction.