According to CryptoSlate data, ETH briefly fell to $3,993 on Sept. 25 before recovering slightly to trade around $4,030 at press time. The decline reflects a 4% daily drop and caps off a turbulent week in which the asset shed nearly 13% of its value.
This latest move also deepens Ethereum’s month-long slide. ETH has lost about 10% in September and is now 18.44% below its recent record high of $4,946.
The price performance is not entirely surprising, as analysts had warned that Ethereum looked increasingly fragile despite its recent rally.
Timothy Misir, the head of research at BRN, told CryptoSlate that unless ETH could reclaim the accumulation band that fueled its climb to $4,650, the token risked slipping into a “psychological and technical void.”
That prediction is currently playing out, with its price action consolidating just above the $4,000 support level.
Meanwhile, the latest selloff has triggered painful liquidations across leveraged positions.
Yet, while some traders face steep losses, others are seizing the opportunity to buy.
Apart from that, ETH has continued to record significant institutional accumulation over the past months.
This trend reflects continued whale and institutional confidence in Ethereum’s long-term trajectory, even as short-term volatility shakes out weaker hands.
