Ethereum has once again failed to break through the key resistance at $4K, leading to a noticeable price decline. However, the cryptocurrency has reached a significant support zone, where a bounce and consolidation are expected. 📉

The 4-hour chart shows how the rejection at the $4K level caused a sharp drop, but now Ethereum is trading in the support zone of $3K–$3.5K. If this support holds, a new attempt to break through the $4K resistance is possible. 🚀