Ethereum sees red, crashing to $4,000 in a 7-week low, where is the next one?

In Asian trading Thursday morning, the Ether price fell to $3,994, the lowest level since early August.

At the time of writing, the asset was trading slightly above $4,000 at the time of writing. ETH is currently down 19% from its all-time high, and most of the losses have been seen in the past week.

The sharp decline was due to a pullback in the general cryptocurrency market, with a total market value shrinking to below $4 trillion. But after an epic 225% surge from April to August, Ether took a huge blow.

Correction to $3,500

Analysts’ “Sykodelic” forecasts the bottom of the next few days is $3,900 as oversell signals grow.

The bottom is for Bitcoin.

This is almost $eth.$eth Starting this June, the supply is low, and is about to approach supply, will be close to a very similar setup, while the RSI is close to overselling.

$3,900+ will be the bottom IMO, about the next day.

chill… pic.twitter.com/yt4y8wrssw

– sykodelic (@sykodelic_) September 25, 2025

Macro trader and investor Jason Pizzino said that abnormal moves with ether “always lead to at least 20% corrections, usually more like 30%-40%,”

“It seems like Ethereum wants to drop,” said analyst Ted Pillows, adding: “The next support level is about $3,800, which is a good area to accumulate.”

Many analysts have predicted that ETH will return to the $3,500 level, which will reduce it from peak by about 30%, which is not uncommon for major corrections.

Price drops occur in the positive accumulation of digital asset treasury and whale entities, which suggests that people with weak retail are alarming.

“Ash Crypto” said Thursday that ten whales have purchased over 210,000 ETH, worth $86 million over-the-counter lines.

“When you panic for sale, whales are buying cheap Ethereum.”

Meanwhile, the Ethereum balance for centralized communication has dropped to its lowest level since 2016, according to data from GlassNode and CryptoQuant.

“While this seems paradoxical, as low exchange balances reflect a decline in short-term sales, this difference suggests a counter-trend accumulation signal, and macro negative factors may soon be able to easily turn to Ethereum’s rebound.”

A coin in pain

When Ethereum led Altcoin Bloodbath, some other assets today suffered similar or more serious losses.

Avalanche (Avax) fell 7.7% on the day to $31.38 after doubled its price in less than three months.

Pump.Fun (pump), mantle (MNT), Cronos (CRO) and Sky (Sky) lost similar amounts over the past 24 hours.

Meanwhile, Flare (FLR) and Invariant (IMX) are currently the only one hundred altcoins in the green.