Ethereum (ETH) is struggling to hold ground after slipping below $4,120, raising concerns of further losses if the $4,050 and $4,000 support levels fail to hold. Ethereum’s decline followed a rejection near $4,320–$4,300, with bears driving the token lower alongside Bitcoin. ETH briefly recovered from a $4,000 low, climbing above the 23.6% Fib retracement of the $4,635 swing high to the $4,000 drop.