#ETHProspects

Maintaining the bullish momentum while gaining on competitors like Solana. After Ethereum peaked at $4,100 last month, it has slipped into a steady downward trend and is currently testing critical support near $3,190.

Short-term technical indicators suggest a bearish bias. A daily close below the $3,290 level reinforces the likelihood of Ethereum retesting the $3,190 level. If sellers break this level decisively, the cryptocurrency could slide toward $3,000, in line with Fibonacci retracement levels.

On the bullish side, buyers need to reclaim $3,380 to break the downward trend. A sustained move above this resistance could lead to a rise toward the $3,600 area, paving the way for a potential breakout to $4,500.