$ETH /USDT – SHARP SELL-OFF RAISES ALARM AS ETH TESTS SUPPORT LEVELS... #ETH is going down again ...
Ethereum ($ETH ) has taken a significant hit, plunging to $3,856, down 4.06% in the past 24 hours. The price tested its daily low at $3,834, marking a critical moment for ETH as it flirts dangerously close to its next major support at $3,825. On the flip side, any attempt to reclaim the $3,895 resistance could open a window for a rebound toward $4,025, a previously tested level of rejection. Volume remains strong at 1.80B USDT, signaling active trading but bearish momentum dominating short-term price action.
Key Levels: Rebound or Breakdown? On the 15-minute chart, ETH shows a series of lower highs and lower lows, reinforcing the bearish outlook. A failure to defend the $3,825 zone could send ETH spiraling toward the $3,800 mark or lower. Conversely, if bulls manage to stage a recovery above $3,895, momentum could shift quickly for a potential retest of $4,025. Traders must exercise caution here, as volatility is increasing, and ETH remains under pressure.
