Ethereum Plummets After $4,950 Liquidity Grab: Is a Bigger Dump Coming?
The post Ethereum Plummets After $4,950 Liquidity Grab: Is a Bigger Dump Coming? appeared on BitcoinEthereumNews.com.
TL;DR Ethereum was rejected at $4,950, liquidating $720M longs, now testing $4,500 support with $4,300 risk. Whales added $1.6B ETH this week, with demand zones aligned at $4,590–$4,760 Fibonacci cluster. Historical data shows September pullbacks often follow strong August gains, leaving ETH vulnerable below $4,500. Ethereum Price Action Ethereum surged to a new all-time high of $4,950 on August 24 before losing momentum. The token has since pulled back to around $4,550, down 4.5% over the past 24 hours, though still up 8% on the week. Since early August, ETH has climbed 26% and remains more than 220% above its yearly low. Meanwhile, the reversal came during a wave of liquidations across the market. More than $720 million in positions were wiped out in the last day, with nearly $500 million tied to Bitcoin and Ethereum longs. The rejection near $4,950 triggered much of the flush. Source: X Liquidity Grab and Support Levels Analyst Lennaert Snyder said Ethereum “took liquidity above $4,880 and flushed leveraged longs.” He added that ETH is “currently testing ~$4,500 support, but it doesn’t look strong.” Snyder pointed to $4,693 as the key range low for bulls to reclaim quickly. A recovery above that level could open another move toward $4,880. If $4,500 fails, the chart suggests ETH could slide to $4,300, which marked the start of its last impulse higher. $ETH took liquidity above $4,880 and flushed leveraged longs. Currently testing ~$4,500 support, but is doesn’t look strong. Best case scenario for the bulls is to reclaim $4,693 rangelow asap. If we lose here, Ethereum will probably retest the $4,300 start impulse. pic.twitter.com/Mkl4BtFizy — Lennaert Snyder (@LennaertSnyder) August 25, 2025 The $4,880 zone now acts as immediate resistance, while $4,500 remains under pressure. Whale Buying and Institutional Flows Large players have been active in recent…
Filed under: News - @ August 25, 2025 2:29 pm