Can ETH drop more now?”

• Yes, there may be more decline in the short term, especially if it breaks below $3,700–3,730 with volume.

• However, the medium to long-term trend is still bullish, as long as ETH remains above key support levels and institutional flows continue strong.

• If ETH holds support and shows a reversal pattern with volume, there is room for a retest of resistance at $3,900–4,000, and possibly even a breakout to $4,100+   .