Ethereum: Weakening, risk of dropping below 4,000 USD

ETH reached a peak of 4,788 USD (Thursday), but has dropped 14% in 5 days, currently trading around 4,132 USD. The resistance zone of 4,232 USD is a key barrier.

Bearish scenario: If it does not surpass 4,232 USD, ETH could drop to the support level of 3,946 USD. The daily RSI is at 53, exiting the overbought zone, and the MACD crossover down (Tuesday) signals weak buying power.

Bullish scenario: Closing above 4,232 USD could push the price towards 4,488 USD.