Ethereum’s price is currently facing resistance near the $3,825 mark, with significant sell orders ($58 million) concentrated in that zone. However, support between $3.3K and $3.5K remains a crucial factor for potential rebounds. Analyzing short-term trends, ETH has experienced a significant drop over the past 24 hours, losing more than 7%, and this trend is reflected in a 16.83% weekly decline overall. While buyers are attempting to maintain support between $3,800 and $3,500, with demand concentrated around those levels, resistance remains a key obstacle. The Ichimoku Cloud suggests consolidation as ETH continues to trade within it, indicating indecision and short-term hesitation. The 200 EMA provides strong support near the $3,500 mark, favored by some analysts for dollar-cost averaging strategies. RSI is below 50, signaling ongoing bearish sentiment but a potential bounce could occur if momentum recovers.