Core Insights - Ethereum is experiencing significant bearish sentiment, with a 13% decline in value over the past week, dropping below the critical $4,000 level [1] - The long/short ratio for ETH has fallen to 0.95, indicating a predominance of traders betting against its recovery [2][3] - Institutional investors are pulling back, with net outflows from spot ETH ETFs totaling $217 million this week, further weakening support for the asset [4][5] Price Levels - ETH is currently trading at $3,981, just above a support level at $3,875; a breach of this level could lead to a further decline to $3,626 [6] - If demand returns, there is potential for ETH to rise to $4,211 [7]