$ETH

After Ethereum's rejection at the $3500 resistance, sellers have entered the short-selling reload zone. Now, it's back at the $3250 support.

Buyers must defend the $3250 support to prevent a drop to $3000. If the price rebounds, a return to $3500 is possible.

To avoid further decline, Ethereum needs to bounce off the $3250 support. Breaking through the bearish institutional bias and the $3500 resistance is crucial.

A breakout of the bearish trendline could bring bullish volatility.