$ETH

Current price: ~$3,781 per ETH, down roughly 0.0246% (≈ $95) in the last 24 hours

Intraday range: traded between $3,746 and $3,937 today

Despite today's dip, Ethereum is still trading within a broader range around the high-$3,700s

What’s Behind the Dip?

1. Technical Resistance

The price appears to be facing strong resistance near $3,900–$4,000, and a failure to hold above that level may pressure ETH downward toward $3,700 or lower

2. Profit-Taking Momentum

Ethereum surged from ~$2,800 in mid-July and is now consolidating around $3,900. Analysts observe that this price zone historically acts as a liquidity magnet, triggering short-term profit-taking before the next leg up

3. ETF & Institutional Activity

Large-scale ETF inflows and institutional accumulation continue to indicate bullish conviction in the medium term, suggesting the pullback may be temporary.