Ethereum selling pressure is expected to persist, which is why ETH’s drop to $4,000 is positive.

During the Saturday trading session, the Ethereum price suffers low trading volume and single-direction trading.
Currently, the first Ichimoku support level is being tested.
The next Kumo Twist might re-ignite the purchasing frenzy.
The price of Ethereum has remained essentially steady since Friday. The journey south proceeds at a slow and cautious pace. Buyers who have been out of the market for a long time may be waiting for a better deal before returning.

A drop in the price of Ethereum to $4,000 would be beneficial.

The price of Ethereum has dropped for the third day in a row. On November 3rd, Ethereum hit a new all-time high, prompting this action. This weekend, Ethereum may make a push to the Kijun-Sen at $4,000, marking the first time it has tested that level since breaking above it on October 1st. Given the nature of how weekend price movement has historically performed, a move lower for Ethereum would be predicted.

On the daily chart, the oscillators also indicate a move south. The Relative Strength Index and the Optex Bands also indicate a minor downward trajectory, but nothing as dramatic as the Composite…