Ethereum tumbles to $3,830 amid 9% daily drop as OBV indicator signals bearish momentum

Ethereum plunged nearly 9% in 24 hours to reach $3,830 on Thursday, representing a 16% weekly decline from previous $4,760 levels. Technical analyst IncomeSharks pointed to a breakdown in the On-Balance Volume indicator as bearish momentum builds. The broader crypto market also suffered, with Bitcoin approaching $108,000 while XRP, Solana and BNB experienced significant corrections.