Ethereum Price Faces Possible Decline or Sideways Trading Amid Resistance Near $3,600

Key Points

1. Ethereum's price dropped by 1.66% in 24 hours, showing bearish trends and a failed breakout attempt near $3,599.

2. Key support level is at $3,500, with resistance near $3,600, suggesting possible sideways trading in the short term.

3. Midterm resistance is at $3,675, with a potential upside target at $4,000 if bullish momentum returns.

4. Market sentiment remains uncertain, with traders advised to monitor volume and external influences for decisive price movements.

5. Ethereum's price is currently consolidating between $3,500 and $3,600, reflecting broader market instability.