Ethereum (ETH) is currently trading against the US Dollar (USD) at $3,351.83, down $38.61 (-1.14%) from the previous close.

According to technical analysis, Ethereum price is holding below $3,425.50, with negative pressure from the 50-period moving average, indicating a possible continuation of the decline towards $3,222.00.

Please note that cryptocurrency markets are highly volatile, and future expectations may change based on market conditions, technical and regulatory developments.