ETH loses ground — down 6% in a few hours

ETH slipped below $3,800, confirming weakness after the recent bounce. A new imbalance formed at $3,850–$3,900, which now acts as the nearest resistance.

Base scenario: a pullback to this area followed by a decline toward $3,600–$3,550, where the next liquidity zone is clustered.
Sellers holding this range will confirm the downtrend and increase pressure on the market.