Just when it looked like Ethereum had found its footing, the chart flipped. The ETH/USDT pair has dropped decisively below its recent support around the ~$3,800-4,000 range after rejecting the ~$4,100-4,200 zone.
What’s worrying is the break of structure signals on the weekly chart — one analysis highlights a “Break of Structure (BOS)” below the prior low, suggesting sellers may be gaining control. Volume is soft, and despite buyers showing up near $3,750, the bounce lacks conviction.
In short: price could easily stumble toward $3,300–3,500 if this support fails to hold. On the flip side, if ETH can reclaim $4,000 with strength, the bullish case isn’t dead. But for now, the higher-risk scenario is a sharper dip.
Closing thought:
If you’re watching or holding ETH, this is a decision point — and one worth treating with caution.