Ethereum extends dip, attacking long positions accumulated under $4,000

Ethereum (ETH) extended its drawdown, this time attacking long positions accumulated under $4,000. The token broke down below support levels, fulfilling previous predictions for revisiting the $3,900 ￰0￱ dipped under the $4,000 level after breaking previous support ￰1￱ slide occurred during a general market drawdown, where BTC dipped to the $111,000 ￰2￱ recent dip was once again caused by derivative trading, wiping out long ￰3￱ the past 24 hours, ETH saw over $71M in long liquidations, with over $36M happening on ￰4￱ recent ETH drawdown happened despite recent signs of accumulation and growing ￰5￱ markets still have the greater influence on price action, often breaking out the general bullish ￰6￱ the latest price dip, which happened during Asian trading hours, there is still liquidity in the $3,900 ￰7￱ has quickly bounced back above $4,000.

The market is still heavily skewed toward long liquidity, with over 75% of positions betting on a recovery. However, short liquidity is also accumulating up to $4,300, suggesting a recovery may be the next step for ￰8￱ buying continues as whales buy the dip on ETH The recent flushing of long positions is often viewed as a deliberate move, a mix of whale activity, aggressive traders, and large-scale market ￰9￱ the downturn, ETH whales were back to their usual behavior, acquiring reserves of spot ￰10￱ Ethereum project is still seen as key for decentralized finance and eventual mainstream adoption, hence the long-term ￰11￱ the market downturn, 10 new whale wallets acquired 201K ETH, as seen by on-chain ￰12￱ are aggressively buying $ETH now.

Today, 10 new wallets have bought 201K ETH worth $855 million from exchanges and ￰13￱ often happens when ETH is getting closer to a ￰14￱ — ZYN (@Zynweb3) September 25, 2025 At the same time, Wintermute almost depleted its ETH reserves, retaining 5K tokens after active transfers to centralized markets and ￰15￱ ETH done with the losses? Bearish predictions see ETH dipping as low as $3,700 before shifting its ￰16￱ others, the $3,900 support level is the turning point, following the removal of long liquidity at that ￰17￱ wiped out most of the long liquidity, causing analysts to predict a price bottom at the $3,900 range and an upcoming price recovery. |