Ethereum failed to break through the $4,000 mark and shows a bearish trend. 📉 Investors are concerned about a possible price reversal. On the daily chart, the price bounced off the $4,000 resistance twice and broke through $3,500. A possible drop to $3,000 may determine the medium-term fate of the market.

On the 4-hour chart, the situation is more optimistic: the market may test $3,500 again. The RSI is rising, indicating a bullish momentum. 🚀

On-chain analysis shows that investors sold ETH at $4,000, but now the reserve on exchanges is falling, which may indicate accumulation and a possible price increase.