Ethereum's bearish trend from the previous week, when it was rejected at $3,679, is continuing (data from Coinbase). The ultimate support, according to most enthusiasts and crypto analysts, is $3,000 USD. However, Ether has dropped to $2,650 in the last 24 hours, a level not seen since early August. Traders should keep an eye out for movement above the 50-day SMA to determine the viability of the uptrend to $3,600 and then to $4,000.