The price of Ethereum has dropped below the $3,680 zone and is currently down over 7%, showing bearish signs. It struggled to start a fresh increase and gained bearish momentum, resulting in a dive below $3,550 and a spike below $3,420. The price is now consolidating losses and is trading below $3,550 and the 100-hourly Simple Moving Average. The key resistance levels to watch are $3,650 and $3,715, with a clear move above potentially leading to more gains. On the downside, initial support sits near $3,350, with major support levels at $3,320 and $3,250. The technical indicators are currently showing bearish momentum.



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