CoinWorld news, the price of Ethereum fell to $3,337 on December 26, erasing the gains of the previous two days. This decline occurred after Bitcoin dropped by 4%, leading to the liquidation of $34 million in leveraged ETH long positions (buyers). As signs of weakness emerge in the U.S. labor market, investors have become more risk-averse. Although Ethereum failed to maintain above $3,500 in the past week, the derivatives market remains neutral to bullish, indicating that $4,000 is still within reach. Notably, China's stablecoins are on par with the official U.S. dollar exchange rate, indicating no significant cryptocurrency outflows from the region.