Ethereum (ETH) has dropped to $3,850 after hitting a 24-hour high of $4,109, as a descending triangle pattern emerges on the 4-hour chart. This technical formation suggests potential further downside, with sellers maintaining control as ETH struggles to regain higher levels. A breakdown below $3,822 could see prices fall towards $3,675. However, if the $3,800–$3,820 support zone holds, ETH may consolidate before attempting to test the resistance line again.