Ethereum Price Correction Continues Below $4,000
- Ethereum price began a downside correction from a high of $4,252.
- ETH is trading below $4,050 and the 100-hourly Simple Moving Average.
- A break occurred below a bullish trend line with support at $4,100 on the hourly chart.
- Major support is identified near the $3,920 level.
The Ethereum price correction continues as it trades below key resistance levels of $4,080 and faces potential further declines if it breaches the major support at $3,920. This movement follows a previous high of $4,252 before a bearish trend emerged.
ETH’s current position below significant resistance may lead to more losses unless it can surpass these levels and regain momentum above the critical thresholds mentioned. (Source)
