Ethereum is bleeding red again — now trading at $3,713, down nearly 4% in the last 24 hours. The daily range stretched from $3,915 to $3,650, showing just how fierce volatility has become.

$ETH is sitting below key moving averages — the 7-day at $3,859, the 25-day at $3,933, and the 99-day at $4,198 — all signaling bearish momentum. If bulls fail to defend $3,650, we could see a sharp drop toward $3,580 and possibly $3,400, a critical support that once triggered a strong bounce.

However, a quick reclaim above $3,930 could flip the tone, opening the path toward $4,200 and eventually $4,523.

This is the zone where emotions battle logic — fear drives weak hands out, while conviction builds for the next major move. I’m watching closely for a rebound from $3,650 or a clean breakout over $3,800 for confirmation of strength.

Stay alert — volatility favors the brave. Follow for more updates and share with your friends.