ETH – Risk of Testing $3700?

With the Bitcoin declines, Ethereum is at risk of testing $3700 mark, the price level from October 18, 2021. Ethereum tested this $4,000 on November 18, 2021, and found support there just as it did on October 16, 2021. As a pullback it rose back to the converging resistance level of EMA 20, 50, 100, and 200 on November 20, 2021, rising above $4400. Ethereum is headed again towards the previous support level of $4,000. The more often support is tested the weaker it becomes so Ethereum can breakthrough this support soon targeting the $3700.