Ethereum Price Prediction as Profit-Taking Dominates ETH Market—Is a Bearish Breakdown to $4K Ahead?

Ethereum price has retraced sharply after failing to hold above $4,700, raising new market concerns. The price has slipped to $4,335, marking a 4.35% daily decline, highlighting rising bearish outlook. The selling pressure has been rising as profit-taking accelerates among whales, adding weight to the correction. Technicals indicate that $4,000 is a key level that may be retested before any potential recovery.