Ethereum price $ETH fell to $3,377 after a 15% decline in a week. This is the second time in a month that ETH has failed to secure the $4,000 level as support, which strengthens the bearish sentiment. The failure to hold this important level leaves the token vulnerable to further corrections.

If the current downtrend continues and the selling pressure intensifies, ETH is at risk of losing the support at $3,327. A break below it could push the price below $3,000, which would be a strong bearish signal.

On the other hand, Ethereum is facing a barrier at $3,524. If the price breaks this resistance and consolidates above it, it could rally to $3,721. This would allay concerns about losses and give confidence to investors. $BTC $FTT