Ethereum failed to return to the $4,000 level and continues to decline. Despite the current market correction, rapid growth is still possible in the near future. Technical analysis suggests a likely target of $3,000, but the bullish trend may continue as the price is still trading above the 200-day moving average. A possible reason for the recent decline could be excessive investor optimism, which led to the liquidation of long positions and a decline below $4,000.