#Ethereum# is currently around $3,868 and I think the market is a bit fatigued. When attempts above $4,000 failed, selling pressure kicked in, but there's still no major panic. The $3,850 level is currently a crucial test point; if it breaks, we could see a dip to $3,800 or even $3,700. However, if there is a strong reaction from here, we could see a quick rebound towards the $3,950–$4,000 range in a short time. Technically, the trend is still bullish but has lost momentum. In summary, we are at a critical threshold where $ETH either turns back from here or the correction deepens.

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