Ethereum Teeters on $4,000 Precipice as Bearish Onslaught Intensifies

Ethereum faces its toughest test yet as selling pressure threatens to shatter critical support.

The $4,000 Battlefield

Bears have mounted a coordinated assault on Ethereum's psychological fortress. Every bounce gets met with fresh selling pressure—traders are watching the $4,000 level like hawks waiting for carcasses.

Market Mechanics Exposed

Leverage gets liquidated faster than Wall Street ethics during a bull run. The derivatives market shows massive open interest clustering around that magical number—creating a gravitational pull that could trigger cascading effects.

Technical Breakdown

Chart patterns suggest we're approaching make-or-break territory. Volume spikes on downward moves indicate genuine distribution, not just weak hands folding. The 200-day moving average looms below as potential last defense.

Meanwhile, traditional finance pundits suddenly remember crypto exists—just in time to say 'I told you so' while their bond portfolios yield less than a savings account.

Will Ethereum's network fundamentals overcome short-term market mechanics? The next 48 hours could determine whether we're witnessing healthy correction or the start of something uglier.