Ethereum’s $3,800 Barrier: Will It Hold or Crash Below $3K?

The Ethereum price is currently hovering around $3,215, up 1.8% in the last 24 hours, but recent market uncertainty has seen a 6% drop over the past week. Chart analysis indicates ETH’s movement near $3,500, a level that acted as support in the past and is now acting as resistance. Expert insights suggest reclaiming this level will propel Ethereum towards $3,800. However, if rejection occurs near $3,500, a decline to below $3,000 is possible, testing the crucial support between $2,845 and $2,900.