#Ethereum #Ethereum✅ #MarketPullback #MarketUptober #Ethererum Ethereum Turns Lower — Market Sentiment Softens As $4K Level Gives Way.

$ETH $ETH $ETH Ethereum price started a downside correction from $4,250. ETH is moving lower below $4,000 and might decline further if it trades below $3,920.

Ethereum started a downside correction below $4,150 and $4,050.

The price is trading below $4,050 and the 100-hourly Simple Moving Average.

There was a break below a bullish trend line with support at $4,100 on the hourly chart of ETH/USD (data feed via Kraken).

The pair could continue to move down if it trades below $3,920.

Ethereum Price Starts Downside Correction

Ethereum price extended gains above the $4,050 level, like Bitcoin. ETH price even surpassed $4,200 before the bears appeared. A high was formed at $4,252 and the price recently started a downside correction.

There was a move below the $4,120 and $4,050 levels. The price dipped below the 50% Fib retracement level of the recent wave from the $3,708 swing low to the $4,252 high. Moreover, there was a break below a bullish trend line with support at $4,100 on the hourly chart of ETH/USD.