Ethereum Fails to Reclaim $3,900 — Bearish Target $3,300

Ethereum continues to exhibit persistent weakness, with price failing to close convincingly above the $3,900 level. This rejection has reinforced the existing bearish market structure, leading to the establishment of yet another lower low, confirming the continuation of the corrective trend.

As long as price action remains suppressed beneath $3,900, the bearish bias stays intact. This sustained weakness opens the probability of a deeper corrective move toward the $3,300 region, which aligns with a key high-time-frame support zone and potential liquidity pocket.

Key Points:

Failed Reclaim: Inability to close above $3,900 confirms ongoing weakness.
Bearish Structure: Another lower low has formed, extending the downtrend.
Downside Target: Price likely to rotate toward $3,300 support.

From a technical standpoint, Ethereum remains under pressure with sellers maintaining control until a clear reclaim of resistance occurs.

What to Expect:

If $3,900 continues to hold as resistance, expect further downside toward $3,300. A strong daily close above $3,900, however, would invalidate the bearish scenario and hint at a short-term structural recovery.