Ethereum Price Lags Below $4,000—Support Levels To Watch

The Ethereum price has been one of the best performers in the cryptocurrency market in the third quarter, reaching a new all-time high at the end of August. However, the second-largest cryptocurrency has struggled to build on this record-setting momentum in ￰0￱ September and the third quarter of 2025 almost done, the Ethereum price appears to be struggling to reclaim the psychological $4,000 support ￰1￱ are the critical support levels to watch for should a deeper correction occur, according to the latest on-chain ￰2￱ $3,500 The Next Stop For ETH Price? In a September 27 post on the X platform, popular crypto analyst Ali Martinez identified three major support levels to watch if the Ethereum price further declines over the next few ￰3￱ on-chain observation revolves around the UTXO Realized Price Distribution (URPD) metric, which estimates the amount of a specific cryptocurrency acquired at a certain price ￰4￱ Reading: Bitcoin Fear & Greed Index Crashes To Lowest Level Since March – Why This Is Good News This indicator looks at a price level’s capacity to act as an on-chain support or resistance zone, which typically depends on the number of investors with their cost basis at the given ￰5￱ investor’s cost basis refers to the original price at which they bought a crypto asset (Ether, in this scenario).

Based on the cost basis theory, major support zones are often around price levels—with significant buying activity—below the current spot ￰6￱ purchased their assets at these prices, several investors tend to double down and purchase more assets when the price returns to their cost basis, thereby keeping the prices ￰7￱ to data highlighted by Martinez, the next major support levels for the Ethereum price lie around $3,515, $3,020, and $2,772. As observed in the chart below, if the price of ETH doesn’t have a sustained close above $4,000, its next immediate support cushion is around $,3,515, where nearly 1.39 billion coins were ￰8￱ a case where the “king of altcoins” fails to stop bleeding, the UTXO Realized Price Distribution metric shows that the next major support is at $3,020, where almost 2.65 billion coins were bought.

Now, the last significant support for the Ethereum price lies around $2,772, which is the cost basis of more than 2.64 billion Ether ￰9￱ Price At A Glance As of this writing, the price of ETH stands at around $3,994, reflecting no significant movement in the past 24 ￰10￱ the largest altcoin by market cap seems to be hanging on to the major $4,000 level, its performance over the past week is still quite ￰11￱ to data from CoinGecko, the Ethereum price is down by more than 10% in the last seven ￰12￱ Reading: XRP Price Is ‘Firing On All Cylinders’ As Super Rare Bullish Setup Emerges Featured image from Shutterstock, chart from TradingView