The price of Ethereum has started a new decline below $4,050, and ETH is facing difficulties, potentially falling further if it breaks the support zone of $3,850. A low point was formed at $3,826, and the price recently started a small wave of recovery. There was a movement above the 23.6% Fibonacci retracement level of the downward wave from the peak of $4,275 to the low point of $3,826. However, the bears remained active near the resistance zone of $3,950. A clear movement below the support of $3,820 could push the price towards the support of $3,750. Any additional losses may lead the price towards the region of $3,720 in the short term. The next key support is at $3,650.