Ethereum Price Prediction: Analysts Warn $3,700 Retest Could Deepen As DeFi Proposal Adds Pressure

• Ethereum trades near $3,805, testing its bull market support band around $3,700 after breaking below $4,000.
• Senate’s DeFi proposal sparks fears for Ethereum protocols, adding to pressure from sustained exchange outflows.
• Stablecoin inflows above $3B highlight Ethereum’s structural dominance despite short-term bearish momentum.

Ethereum (CRYPTO: ETH) price today trades near $3,805, struggling to recover after losing key support from its rising channel structure. The sharp rejection near $4,800 triggered heavy selling, driving ETH below its 20-day and 50-day exponential moving averages (EMAs) and straight into the $3,700–$3,750 support zone. This area now aligns with Ethereum’s bull market support band, making it the critical line buyers must defend.

Ethereum Price Tests Bull Market Support

The daily chart s…

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