Ethereum Price Shows Short-Term Weakness, Long-term Potential Remains

Ethereum’s price experienced a slight dip of 5.31% in the past 24 hours, signaling a potential shift toward short-term consolidation after recent bullish momentum. While this decline is notable, key indicators point to long-term strength for Ethereum. Analysis suggests the cryptocurrency has formed a lower high and now targets support levels around $3,880 on the 4-hour timeframe. Technical analysis highlights bearish momentum with MACD indicators crossing into bearish territory and the Alligator moving average curling downward.