Ethereum Could Crash To $3,700, Analysts Say: What’s Next From There?

Ethereum and the general crypto market appear to be entering a cooling phase after recent ￰0￱ has traded mostly flat, holding around the $3,900 mark as traders assess mixed signals from exchange flows and ETF ￰1￱ writing, Ethereum was up 0.7% at $3,874, with daily trading volume near $41 ￰2￱ the past month, ETH has fallen roughly 7%, dropping from a peak of $4,755 to a low of $3,460. Institutional Interest Still Present Despite Pullback Even though the market has cooled, corporate and whale activity remains ￰3￱ latest updates from Lookonchain show that large investors are still buying ￰4￱ from October 22 revealed that two wallets tied to Bitmine accumulated 45,814 ETH worth about $184 million from Falcon ￰5￱ shows confidence from corporate buyers who view lower prices as accumulation ￰6￱ interest in ETH has been strong lately |) from ￰7￱ is a move that is typically seen as bullish since it shows long-term ￰8￱ actions show steady conviction among major ￰9￱ short-term sentiment may fluctuate, long-term holders seem to be confident in Ethereum’s ￰10￱ Eye $3,700 as Key Level to Watch Market analysts remain cautious about the next ￰11￱ analyst Ali Martinez believes that Ethereum could revisit the $3,700 level ￰12￱ pointed at $3,830 as an important support zone that ETH must defend to avoid deeper ￰13￱ analyst, TedPillows, has a similar ￰14￱ noted recently that Ethereum needs to break through $4,100 to confirm a bullish ￰15￱ ETH manages to reclaim that level, he sees a possible move toward $4,800 in the short ￰16￱ says that ETH needs to close above $4,100 to confirm a bullish reversal |