ETH below $4k, What are the possibilities?

The Ethereum descend started when Bitcoin headed below $66,000 on November 16, 2021. Where can head now? Let’s take a look.

Ethereum once tested the level below $4,000 on November 18, 2021, and was stopped by the support level of October 16, 2021. It started regaining strength temporarily after the testing level however, Ethereum is headed again to retest the support and might break below to fib 1.414 and start rising again from the lower major trend line.