Based on the 4H ETH/USDT chart you provided, Ethereum is currently trading around $3,020, down nearly 5% on the day. The recent rejection at the $3,238 level formed a clear short-term lower high, signaling weakening bullish momentum. The price has also slipped below the MA5 and MA10, while sitting right on the MA30, showing that upward strength is fading. At the same time, the MACD has crossed bearish and continues to widen downward — a sign that sellers are gaining control.
In the short term, ETH is showing a corrective downtrend. If the price fails to hold above the $3,000–3,020 support zone

Right now, Ethereum (ETH) has bounced back above the important US$3,000 mark after a brief dip — signalling renewed buying interest and a possible shift in momentum.
Looking ahead over the next few weeks to a month, many expect ETH to aim for US$3,400–3,850 if market sentiment remains positive and bullish momentum continues.
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