The price of Ethereum is continuing to fall, with bearish eyeing a dip below $4,000 in the near future.

During the weekend, bulls attempted to recoup some losses in the Ethereum price.
After reaching intermediate resistance at $4,465, the price of ETH retreated to the negative.
Bears are expected to bring the price of ETH down another 12% to $3,687.

Bulls in the Ethereum (ETH) price pared losses over the weekend, but the rally was stymied by resistance at $4,465. ETH bears regained control at that time, pushing the price back down to $4,060 by this morning. As long as no fundamental tailwinds arise that may influence opinion for the better, bears will continue to prevail.

With no fundamental tailwinds to raise the mood, the Ethereum price is under pressure.

With a rejection of $4,465, bulls in Ethereum price reached a limit over the weekend. That was the low on November 12th, and it received some decent support in the days following. Bulls tried to get back above it when ETH eventually fell below it, only to find that the support had now turned into resistance, giving bears another level to short against ETH.

Bears are now aiming for the $4,060 support level from September 3. This is in…