The analysis focuses on Ethereum (ETHUSD). The current price is $3847. The analyst initially bullish, but based on the one hour time frame, it is expected to see a lower prices around $3700, even as low as $3600, also on the long term is estimated to reach 27000. Invalidation of the analysis is a close above $4120, indicating bullish movement toward new all-time highs. The daily MACD crossing above zero would be a bullish signal, anticipated in one to two weeks. A breakdown of the 4H chart reveals that if the price action fails below $3760, a new buying opportunity may materialize at $3575, a break below this level is invalidate the bearish thesis.