Ether's price has retracted after a significant rally, but lower levels are likely to attract buyers. SharpLink Gaming and BitMine Immersion Technologies have been accumulating Ether, with BitMine initially leading until SharpLink increased its holdings to 360,807 ETH, surpassing BitMine's 300,657 ETH. ETH faced resistance at $3,860 and fell below the $3,745 support level, indicating profit-taking among short-term investors. The price might decline to the $3,494 level if it corroborates with a strong demand rebound, potentially enabling a rally back to $4,094. Conversely, breaking below $3,494 could lead to a steeper drop to $3,381 and possibly down to $2,904. In the short-term, if prices rise above $3,860, it could trigger further upward momentum, while a fall below the 50-SMA would favor bears, possibly driving prices down to $3,361. Investors are advised to conduct their own research before making decisions in the volatile market.

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