Ethereum has seen a significant drop, falling below the $4,000 mark and raising concerns about a potential extended downtrend. The cryptocurrency is struggling to maintain its value, with critical support levels at $3,850 and $3,880. This decline is noteworthy as it reflects broader market trends and investor sentiment, making it crucial for traders to monitor these levels closely.

Ethereum is facing a significant decline, dropping below the $4,120 mark and struggling to maintain support at $4,050. This downturn is concerning for investors as it indicates a potential for further losses if the price continues to fall. The formation of a bearish trend line suggests that unless Ethereum can regain its footing above $4,150, it may face double-digit losses. Understanding these price movements is crucial for traders and investors who are closely monitoring the cryptocurrency market.