Ethereum's price decline last week may have been a blessing in disguise for investors seeking to accumulate more ETH at a lower price. With the token hovering near a crucial resistance level, a breakout could lead to a significant upswing in the coming weeks or months.

Currently trading at $3,687.02 with a market capitalization of over $442 billion, Ethereum's downward trend may soon reverse. According to analyst Milkybull, a breakout above the resistance level could trigger a major bull rally, potentially marking the last chance for investors to buy ETH below $3.7k in this cycle.

Data from CryptoQuant indicates low net deposits on exchanges compared to the seven-day average, suggesting high buying pressure. However, ETH's Coinbase Premium is on a downward trend, indicating a dominant selling trend among US investors.

Glassnode's Pi cycle top indicator suggests that ETH's price is near the market's lowest level, increasing the likelihood of an upward momentum in the coming days. If this occurs, ETH could reach $4.8k, a positive development. While some indicators like MACD and RSI signal a continued price drop, the Chaikin Money Flow (CMF) has been moving upwards, indicating a potential upward trend.

In conclusion, Ethereum's recent price drop may present a buying opportunity for investors. With the token nearing a crucial resistance level and indicators suggesting a potential upswing, ETH could soon experience a significant price increase. Will this be the last chance for investors to accumulate ETH at a lower price? Only time will tell."