Ethereum (ETH) callback loom loom, but analysts stick to $10 target

tl;Dr.

• Ethereum may retest $3,700 – $3,800 as ETFs require cooling and price stalls below resistance.
• Analysts highlight $4,500 as important short-distance levels with strong top-tier liquidity.
• Despite short-term weaknesses, market experts will still project $10,000 for ETH.

Ethereum is close to market cooling

Ethereum traded at press time after earning more than 1% in the past 24 hours, but it has dropped 2% over the past week. The current price action shows signs of a slowdown after a strong move earlier this year as it approaches key resistance levels close to $4,900.

It is worth noting that technical analyst TED pointed out that ETH is close to its bull market supporting the band. This is a region based on moving averages and is often seen as a support level in an upward trend. The current band is between $3,246 and $3,486.

Ted also mentioned that ETF purchases have fallen, which could lead to short-term movement. He noted that Ethereum may try to move again and then move higher again, and can retest the range of $3,700 to $3,800.

$eth It is approaching its bull market to support the band.

Ethereum purchased ETFs have also dropped, which marks a correction.

The price of $3.7K-$3.8K may be retested and then a reversal may occur.

In the long run, remember $eth To reach $10,000. pic.twitter.com/fyts6qwtdc

– Ted (@tedpillows) September 8, 2025

The $4,500 mark has attracted traders’ attention

Data from the recent liquidation heat map shows short position clusters piled up above the $4,500 level. These transactions will be forced to close, and if the price rises, it may create the possibility of a rapid price increase.

Crypto Rover commented: “$eth Short Squeeze is coming!” refers to the fact that a break of more than $4,500 could force traders to buy back their positions. This will quickly drive the assets. Price action has been below the area so far, but the chart shows obvious interest around this level.

Possible short-term decline before the next step

Another analyst, Crypto Caesar, pointed out that some lateral movement is expected to rise from $1,400 to $4,800. “As long as we don’t break the $4,500 level by faith, I think we might revisit this green area,” he said.

A temporary decline is still possible as purchases cool and ETF interests slow down. Still, most analysts see it as part of normal market behavior, especially after strong moves.

Ted kept his long-term outlook unchanged, with Ethereum targeting $10,000. He went on to point out that strong network growth and market structure are key reasons.

Password X also supports the future of Ethereum, writing,

“Ethereum is not only another blockchain…it is the most dynamic and fastest growing digital economy on the planet.”

He expects ETH to reach $8,000 this year, especially if the expected reduction rate will work.

Despite short-term uncertainty, analysts’ sentiment on the long-term value of Ethereum remains strong.