ETH Bulls Crushed as Price Drops Below Crucial Level
The post ETH Bulls Crushed as Price Drops Below Crucial Level appeared on BitcoinEthereumNews.com.
TL;DR ETH lost $4,100 support, triggering fears of further downside toward the $2,750 level. MVRV bands suggest $4,840 must break to confirm recovery; failure risks deeper correction. Price action mirrors 2020 fractal, but bulls must reclaim resistance to avoid extended pullback. Ethereum Slips Below Crucial Support Zone Ethereum (ETH) has dropped below the key $4,100 level, breaking down from its recent range and putting bullish momentum on pause. The move follows a sharp correction of nearly 20% over the past two weeks. At the time of writing, ETH trades around $3,900, marking a weekly decline of over 12%. Analyst Daan Crypto Trades noted the importance of the $4,090 level as a cycle high. “If the weekly closes below the ~$4.1K level,” he stated, “watch closely if there’s additional continuation down over the days and weeks following it.” He added that the current move could represent a false breakout, but confirmation would only come if the price starts grinding back up. Source: Daan Crypto Trades/X A separate chart shared by Trader Tardigrade shows a repeating fractal structure when comparing ETH’s current price pattern to the 2020 cycle. It reflects a V-shaped recovery followed by consolidation below key resistance, similar to the lead-up to Ethereum’s breakout in the previous bull market. The asset is currently sitting just below the $4,100 zone, which matches the resistance level shown in the earlier cycle. The setup suggests that if ETH follows the same path, a breakout could follow. However, that would require a clean move above resistance and sustained buying. Trader Tardigrade posted, $ETH/3-day#Ethereum is gathering momentum for an upcoming Massive Surge pic.twitter.com/lzCqxqYFe7 — Trader Tardigrade (@TATrader_Alan) September 26, 2025 Support Retest Around 20-Week MA Michaël van de Poppe identified the current zone between $3,800 and $4,000 as an important area of support. ETH is…
Filed under: News - @ September 26, 2025 12:27 pm