#Ethereum 📉 -2.09% (24h), underperforming the market.

3 reasons for the drop:
1️⃣ $1.7B liquidations after the Fed rate cut.
2️⃣ Breakdown below $4,000 triggered bearish momentum.
3️⃣ $196.6M outflows from $ETH ETFs erased sentiment.

⚔️ Key levels:

Support $3,829 ➝ risk of $3,500,

Reclaiming >$4,000 ➝ chance for a bounce ahead of $22.6B options expiry.

$ETH #ETH