2h ago
Ethereum Risks Decline Below $3,400 After Rejection at $4,200
Ethereum met resistance near $4,200 at the 0.618 Fibonacci retracement level, prompting a pullback below $4,000. The rejection created a lower high on the 4-hour chart accompanied by increasing bearish volume, indicating heightened selling pressure. The asset now tests support at $3,900, with $3,385 representing the next key level if downward momentum continues.