Ethereum (ETH) Pullback Looms, But Analyst Sticks to $10K Target

TL;DR Ethereum may retest $3,700–$3,800 as ETF demand cools and the price stalls below ￰0￱ highlight $4,500 as a key short-squeeze level with strong topside ￰1￱ short-term weakness, market experts continue to project a $10,000 target for ￰2￱ Nears Resistance as Market Cools Ethereum was trading at $4,330 at press time after gaining just over 1% in the last 24 hours, but is down 2% over the past ￰3￱ a strong move earlier this year, the current price action shows signs of slowing as it approaches a key resistance level near $4,900. Notably, technical analyst Ted noted that ETH is nearing its bull market support ￰4￱ is a zone based on moving averages, often seen as a support level in an upward ￰5￱ current band sits between $3,246 and $3,486.

Ted also mentioned that ETF buying has dropped, which could lead to a short-term move ￰6￱ pointed out that Ethereum may retest the $3,700–$3,800 range before trying to move higher again. $ETH is approaching its bull market support ￰7￱ buying for Ethereum has also gone down, which signals a correction. A possible retest of the $3.7K-$3.8K level before reversal could happen. Remember, in the long term, $ETH is going to $10,000. pic.

twitter. com/fYts6QWtDC — Ted (@TedPillows) September 8, 2025 $4,500 Mark Draws Attention from Traders Data from a recent liquidation heatmap shows large clusters of short positions stacked just above the $4,500 ￰8￱ are trades that would be forced to close if the price moves higher, creating the potential for a rapid price ￰9￱ Rover commented , “$ETH SHORT SQUEEZE INCOMING!” referring to the idea that a break above $4,500 could force traders to buy back their ￰10￱ would push the asset up ￰11￱ far, price action has remained below this zone, but the chart shows clear interest around this ￰12￱ Short-Term Drop Before Next Move Another analyst, Crypto Caesar, noted that after rising from $1,400 to $4,800, some sideways movement is expected.

“As long as we don’t break the $4,500 level with conviction, I think we might revisit this green zone,” he said, pointing to a potential drop if momentum ￰13￱ buying volume cooling and ETF interest slowing, a temporary dip remains possible. Still, most analysts see this as part of normal market behavior, especially after a strong ￰14￱ has kept his long-term outlook unchanged, with a target of $10,000 for ￰15￱ continues to point to strong network growth and market structure as key ￰16￱ X also backed Ethereum’s future, writing , “Ethereum is not just another blockchain… it’s the most dynamic and fastest growing digital economy on the planet.” He expects ETH to reach $8,000 this year, especially if expected rate cuts come into ￰17￱ short-term uncertainty, sentiment around Ethereum’s long-term value remains strong among analysts.