A quick update on Ethereum:

the price broke below the $3,526 support level (which was the bottom of its recent trading range) and closed under it, signaling that the previous upward trend has been broken.

On Friday, ETH tested the risk zone around $3,430 and has now returned to that level, which increases the chances of further decline.

If ETH breaks below $3,430 in the coming days and fails to bounce back, there’s a good chance it could drop all the way to around $3,030.

Unless some strong bullish news appears and turns things around, there’s currently no clear sign of a rebound.

That’s why I’m only putting in a small amount of capital for now, slowly building a position while watching the market. The trend is weak at the moment, but if prices fall to a stronger support zone, it might present a good buying opportunity — better to manage risk with small entries first.