The price of Ethereum (ETH) has fallen by 17% over the past week, dropping below $400 billion in market cap. However, buyers are hoping for a bounce back from the 100-day EMA and are holding steady at the key $3,000 mark. The current price is trading at $3,295 with a minor recovery after a bearish weekend. Despite the recent bearish pullback and institutional support waning, the overall sentiment remains bullish, with a net inflow of $62.73 million for last week. If demand for ETH resurfaces and Bitcoin regains bullish momentum, ETH could bounce back and reach a price target of $3,553 and the psychological mark of $4,000. The growing number of support factors suggests that ETH could sustain upward momentum this week.



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