Ethereum Price Threatened With Sharp Drop To $1,400, Here’s Why

Ethereum faces potential renewed bearish pressure based on technical analysis. A Fair Value Gap on the 4-hour chart highlights significant seller dominance. Ethereum met rejection at the midpoint of this gap, indicating strong resistance. The price is currently within the "golden pocket" of a Fibonacci extension. Failure to break above this level could lead to further downside below $1,400. The Stochastic RSI approaching overbought territory adds to the bearish outlook. Rejection at the Fair Value Gap could trigger a new downside correction. Ethereum has already faced rejection at $1,650, supporting the bearish continuation thesis. Analyst warns of a breakdown potentially dragging the price to $1,400 or lower. Persistent resistance and weakening RSI suggest possible decline.