Ether's price has recently encountered a pullback following a strong rally, yet lower price levels are expected to attract buyers. SharpLink Gaming and BitMine Immersion Technologies are actively accumulating Ether, with their holdings reaching 360,807 ETH and 300,657 ETH, respectively. This raises the question of whether their buying activity could drive the price of Ethereum higher. The price analysis indicates that after peaking at $3,860, Ether has fallen below the $3,745 support level, signaling profit-taking by short-term traders. If the price dips to the Fibonacci retracement level of $3,494 and rebounds, it could indicate strong demand, with potential targets seen at $4,094. Conversely, falling below $3,494 may result in further declines towards $3,381 or even $2,904. The short-term market perspective is shifting towards the bears unless Ether surpasses the $3,860 mark.

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