Ethereum (ETH) Experiences Short-Term Decline of Over 4% in Weekly Price

I observe that Ethereum (ETH) is currently priced at $3,630.6, reflecting a decrease of 0.47% in its value. In Turkish Lira, the price stands at 147,600.00 TL, down 0.54%. Over the past week, ETH has experienced a decline of 4.16%, indicating a short-term downward trend. The highest recorded price this week was 150,126.00 TL, while the lowest was 144,400.00 TL. Trading volume has reached approximately 5.26 million TL, suggesting active market participation.

This recent decline in Ethereum's price could be driven by broader market corrections, profit-taking, or temporary bearish sentiment. The weekly decrease points to potential short-term downside risks, but the support levels near 144,400 TL could provide some stability if buyers step in. The trading volume indicates healthy liquidity, which is beneficial for traders and investors assessing entry or exit points.

Considering Ethereum's fundamental role in decentralized finance (DeFi), smart contracts, and upcoming network upgrades, I believe long-term prospects remain robust despite short-term fluctuations. However, traders should exercise caution due to the recent downward momentum and monitor key support levels and market sentiment.