Ethereum Faces Challenging Path to $3,900 as Demand Fades

Ethereum’s price struggles to break through the crucial $3,900 level, facing headwinds from investor caution and market uncertainty. Recent bearish trends have seen Ether (ETH) dip 11% over the past week despite hitting a temporary high near $3,400 last Saturday. This decline coincides with broader market weakness as concerns about global economic growth, including rising inflation fears and potential AI sector overvaluation, weigh on investors’ sentiment.