$3,950 looks like the next level of note for Ether

At the start of the Asian session today, Ethereum fell back close to $3,950. The ensuing rebound, back above 4k was then followed by another drop close to that level. The next rebound back above $4k has again been followed by a third attempt to break down below 3,950, but so far it has capped the downside for a third successive time. Now that does infer there is decent buying interest, at or just ahead of the price point. However, it also does open the possibility that a drop to take the level out could therefore make it a target too. That remains to be seen, as does the further residual amount of buying interest. Naturally, a break below 3,950 if seen could also deliver some stops and further downside at the same time. ETHUSD is currently trading at 3,972