“Breakthrough failed, but the bulls are not dead! Will Ethereum's future restart the $4000 battle?”
Ethereum (ETH) price has failed to break through the $4000 range and is currently in a downward correction. Currently, ETH has dropped below the support levels of $3980 and $3940, with the decline continuing to expand, facing further downward pressure in the short term.
Technical charts indicate that the ETH/USD price has broken below a key bullish trend line, with existing support near $3820. If this support area cannot be effectively held, ETH may continue to test lower levels, with potential targets of $3650 or even lower.
From a technical indicator perspective, ETH's MACD has entered the bearish zone, and the RSI is also below 50, indicating that selling momentum is increasing. If the price cannot break through the resistance at $3900, the downward trend may continue in the short term.
However, if ETH can successfully break through $3900, the next resistance level may challenge $3970, or even the $4000 mark. If this resistance level is broken, ETH may rise further, targeting $4120 or even $4250.
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