**Ethereum: Drama in the Crypto World!**

- Ethereum tried to break through the $4K barrier, but was rejected outright! It seems like the sellers are showing off their strength. 😅

- Some are starting to worry, if the important support level is not strong, the ETH price could plunge. But don't worry, there is still hope at $3K!

- On the daily chart, ETH rose, but selling pressure between $3.7K-$3.8K caused ETH to reverse direction. If it falls below $3.3K, it could be a stronger bearish signal.

- On the 4-hour chart, the three-drive pattern and bearish divergence in the RSI caused ETH to lose buying power. Now, ETH is approaching important support at $3K.

- On-chain analysis shows that Funding Rates rose, but fell again after ETH was rejected at $4K. This is a sign that traders are lacking enthusiasm.

- Let's discuss in the comments column! Will ETH survive or fall deeper?