ETH Breaks $4k – Watch Out Below

Ethereum is suffering a breakdown of sideways trading as Bears dominate the day breaking to the downside outside rectangular structure whilst respecting $3,826 support.  RSI shows further weakness and we would look at the lower FIBS for accumulation seeing the near term support at $3615. The pattern of highs and lows breaks here and, if it’s not a fake-out, the price might stumble even more to $3263, that’s major support now. The resistance level for Ethereum is at $4000 as sell orders await at this psychological mark.