Ethereum (ETH) remains under notable bearish pressure, trading around $3,710 after dropping 4.5% in the past 24 hours.

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The asset has struggled to maintain its uptrend, slipping below the $3,800 level and testing the critical $3,715 support zone. Analysts note that this level has been retested multiple times since October, serving as a key battleground between bullish and bearish sentiment.

Technical indicators such as the Relative Strength Index (RSI) and MACD show weakening momentum, suggesting that sellers remain in control. A decisive close below $3,680 could expose ETH to deeper losses toward $3,550 or even $3,500.

However, a rebound from this level could allow buyers to target resistance zones ne

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