Will Ethereum continue to decline?
If Ethereum fails to break through the resistance level of $3800, it may trigger a new round of decline. The initial support level is around $3580. The first major support level is near the $3550 area.
If the price clearly falls below the support level of $3550, it may test the support level of $3500. If the price continues to drop, it may further test the $3420 area in the short term. The next key support levels are at $3350 and $3320.
