Ethereum chart analysis

For the fourth day, the price of Ethereum is in a bearish trend after climbing to the $1275 price. Over the weekend, the price dropped below the $1,200 price point and continued its pullback. We have today's support at the $1140 price, but the pressure is on to see a continuation of the decline to the $1100 support zone. If we do not find support here either, then we continue towards the $1000 psychological level for the price of Ethereum. For a bullish option, we need a new positive consolidation and a return above the $1200 level. After that, we could try to continue the recovery to the $1300 resistance zone.