Ethereum Hits 2-Month Low: Is $3,500 the Next Stop? Top Analysts Weigh In!

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Oh, what a glorious day for the crypto world! Yet another massive selloff has gripped the market, sending Ethereum, that once-promising second-largest cryptocurrency, tumbling to a two-month low. A price below $3,900? Really? Traders and investors alike are clutching their pearls, as the ever-wise crypto oracle, Ted Pillows, warns that ETH could plunge even further, possibly grazing the $3,500 mark before it bothers to bounce back. Is there hope? A question for the gods!

Ethereum Leads the Liquidation Parade

The selloff this week? Well, it was no small affair, my dear reader. A whole billion dollars evaporated from the crypto heavens, and Ethereum took the largest slice of that proverbial pie. According to the all-knowing Coinglass, a staggering $312 million of ETH vanished into thin air, mostly from long positions. If you’ve been long, well… you may want to sit down. Ouch!

And just when you thought it couldn’t get worse, here comes BlackRock, selling a tidy $25.6 million worth of ETH. The whispers of institutional exits grow louder, like a cacophony of doom. Oh, and don’t forget the options market, which is behaving like an old-timey fortune teller, predicting a further descent into the abyss. How delightful.

In the wise words of Ted Pillows, this recent price action reminds him of Bitcoin’s 2020 dance. A wild breakout above $20,000, followed by a 25%-30% drop. Ah, the good old days. So, fear not, dear Etherheads, we may just see another 10%-15% dip. Who’s counting?

The $3,800 Support: Will It Stand the Test?

As we stand on the edge of a price precipice, Ethereum is flirting with a crucial support level around $3,800. Will it hold strong, or will it crumble like a poorly baked soufflé? If it survives, there’s hope yet for a rally, and perhaps we’ll see better days ahead. Fingers crossed!

  • If the $3,800 support level holds like a loyal butler, Ethereum could find its footing and prepare for a new rally.
  • If it falters, brace yourself! The price might plunge even further, possibly toward the dreaded $3,500 mark before finding solace.

Pillows’ chart, as always, is a work of art, clearly marking the battle zone. The fate of Ethereum lies in the hands of the bulls. Will they step up and protect their beloved $3,800? Only time will tell, my dear friends.

ETH’s Long-Term Dream: A $6,998 Mirage?

And yet, in the midst of all this chaos, Ethereum’s future remains as bright as ever (at least according to some). Despite the price tantrums, the fundamentals are still strong. Big institutions? Oh, they’re still sniffing around. The network? Still growing. Ethereum may have its hiccups, but its potential remains vast.

Now, don’t faint from excitement, but crypto analyst The House Of Crypto has spotted a mysterious pattern on Ethereum’s weekly chart – a Descending Broadening Wedge. If it breaks out, we could see ETH soar to a mere $6,998. But let’s not get ahead of ourselves, shall we?

For now, though, traders are keeping their eyes glued to the $3,800 level, awaiting the next twist in this never-ending saga.

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2025-09-26 12:18