Ethereum (ETH) has experienced a recent decline, breaking below the crucial $4,000 support level and signaling a shift in market momentum. Following an ascent near $4,250, ETH fell under this key mark and is currently trading around $3,920. Analysts suggest that this correction is being fueled by several factors. These include structural challenges for the cryptocurrency along with broader macroeconomic pressures like a strong USD and rising bond yields. A crucial support zone between $4,000 and $3,920 now comes into focus. A failure to reclaim this level could lead to more downward pressure on ETH, potentially targeting $3,700 or even $3,600. The cryptocurrency market is also closely monitoring for any signs of a rebound. If Ethereum can regain the $4,000 support and build sustained momentum above it, it might stabilize and re-target the $4,250 to $4,300 range. For now, the overall sentiment remains cautious.