ETH price to $3.5K first? Why Ethereum bears are growing louder

3 hours ago

Key takeaways:

Ether bears are getting louder arsenic the terms remains rangebound.
Declining spot measurement signals anemic request and expanding ETH terms vulnerability.
ETH terms could driblet to $3,500 if cardinal enactment levels are lost.

Ether (ETH) remains stuck successful the $4,200-$4,500 scope for 2 weeks, amid decreasing spot and organization demand. This has made immoderate traders bearish, eyeing ETH terms falling to $3,500 earlier immoderate imaginable recovery.

Market sentiment turns negative

The choppiness successful Ether’s price, coupled with Bitcoin’s caller driblet beneath $100,000, saw a displacement successful marketplace sentiment arsenic “sell calls” intensified, according to Santiment.

“Traders person changed their tunes, swinging much and much negatively with expectations of Bitcoin falling backmost beneath $100K, Ethereum backmost beneath $3.5K,” the marketplace quality steadfast said successful an X station connected Tuesday.

An accompanying illustration shows a surge successful keywords similar “selling” and “bearish” since precocious August, erstwhile Ether deed its $4,950 all-time high.

However, markets often determination other the crowd’s expectations, which could really beryllium “signalling an perfect bargain time,” Santiment writes.

Ethereum traders measurement back

Ether’s spot request remains subdued implicit 2 weeks, with ETH trading measurement falling to $2.6 cardinal connected Sept. 8 from $18.5 cardinal connected Aug. 22, an 85% decrease, Glassnode information shows.

The diminution successful spot measurement signals waning capitalist participation, reflecting weaker condemnation among traders.

While spot Cumulative Volume Delta (CVD), the nett quality betwixt buying and selling commercialized volumes for ETH, has improved slightly, arsenic selling unit eased. However, it is inactive mode beneath the levels seen successful precocious August.

Low spot measurement and antagonistic spot measurement delta bespeak anemic ETH demand, expanding terms vulnerability. However, the bulls could regain their footing if the CVD stabilizes.

As Cointelegraph reported, organization investors person taken a measurement back, with spot Ethereum ETFs signaling implicit $1.04 cardinal successful nett outflows crossed six consecutive trading days, adding to the sell-side pressure.

How debased tin ETH terms go?

ETH terms is presently retesting the little trendline of a symmetrical triangle astatine $4,280 successful the regular clip frame, information from Cointelegraph Markets Pro and TradingView shows.

A regular candlestick adjacent beneath the triangle could pull much bears that volition look to propulsion the terms down to $3,600, oregon down 16% from the existent level.

MN Capital laminitis Michael van de Poppe says that ETH terms could driblet toward the $3,500-$3,800 request portion earlier recovering.

“One limb down for $ETH, tapping the greenish portion and up lone from there. That would beryllium my perfect scenario.”

Fellow expert Ted Pillows spotted ample liquidity clusters sitting betwixt $3,600 and $4,000 and said that Ether whitethorn archetypal driblet to cod this liquidity, earlier a reversal.

“It looks similar a expanse of little liquidity could hap earlier reversal.”

$ETH has decent liquidity clusters astir the $3,600-$4,000 level.

Ethereum terms enactment is besides looking anemic owed to macro uncertainty and anemic ETF demand.

It looks similar a expanse of little liquidity could hap earlier reversal. pic.twitter.com/9Md1S5kP77

— Ted (@TedPillows) September 9, 2025

As Cointelegraph reported, different imaginable country to ticker for a rebound is $3,745 if the enactment astatine $4,000 is lost.

This nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.

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