Ethereum

Is Ethereum Doomed to Plunge to $3,500 After Latest $4K Rejection?

ETH is down by over 10% in the past week alone.

TL;DR

Ethereum’s inability to decisively reclaim the crucial $4,000 resistance could result in a more painful price drop to and even below $3,500, said Ali Martinez.
In contrast, other analysts remain optimistic about its future trajectory, outlining that Q4 and Q1 are just around the corner, periods that have been historically very bullish for ETH and other alts.

Another $4K Rejection?

Recall that the second-largest cryptocurrency stood tall above $4,700 just a couple of weeks ago. Although it started to slip in the following days, it still maintained the $4,500 level by last Monday when all hell broke loose. In the span of just an hour or so, ETH slumped by over $400 and dumped beneath $4,100.

Following an unsuccessful recovery attempt that was quickly halted at $4,200, Ethereum dumped once again. This time, it was even more violent as the asset plummeted to a multi-month low of $3,830 (on Bitstamp).

The bulls finally reminded of their presence at this point and didn’t allow a further breakdown. However, they seem to be lacking a lot of strength, as ETH has been unable to decisively overcome the critical resistance at $4,000.

If the asset indeed fails to break past this level in the following few days, the danger of a price drop to $3,500 becomes even more likely, according to Martinez.

Ethereum $ETH rejected at $4,000, raising the odds of a move to $3,500. https://t.co/xWK25UhOm2 pic.twitter.com/Jfb02IPZEn

— Ali (@ali_charts) September 27, 2025

The analyst also outlined the following support lines if $3,500 falls, which are set at $3,020 and $2,772. Crypto Rover warned that whales have been selling substantial portions of their ETH holdings, which could result in another price slip.

Uptober to Save ETH?

While the analysts above painted a grim picture for ETH’s future, Michael van de Poppe stood in the opposite corner. He relied on historical performance to demonstrate that Ethereum tends to rocket at the end of each year and the beginning of the next.

The markets always have a correction in September / October.

Historically, Q4 and Q1 are a great period for #Altcoins.

September is a terrible month, and that’s what we’ve seen with $ETH, it’s down nearly 10%.

Q4 is almost always positive, Q1 is the best quarter in the… pic.twitter.com/T48dzJ5ITU

— Michaël van de Poppe (@CryptoMichNL) September 27, 2025

The data shared by him shows that ETH tends to perform well in most previous Octobers, including a 42.8% surge in 2021 and an 18.5% pump in 2022.

SPECIAL OFFER (Sponsored)

Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

About the author

Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017 and now serves as CryptoPotato’s Assistant Editor-in-Chief. He has managed numerous crypto-related projects and is passionate about all things blockchain.

Ethereum

Ethereum Foundation Converts 1,000 ETH to Stablecoins in a $4.46M Cowswap Maneuver

This week, the Ethereum Foundation decided to mix things up, cashing out 1,000 ether for stablecoins through Cowswap to bankroll research, development, and grants. The foundation pulled off the swaps over the past day, slicing the conversions into four clean, calculated transactions. Ethereum Foundation Turns $4.46M in ETH Into Stablecoins On Friday…
Read More

Ethereum

Ethereum Whispers ‘Breakout’—But Will It Scream Past $4,600?

Ethereum’s holding steady at a confident $4,500, with a market cap of $543 billion and a crisp 24-hour trading volume of $36.86 billion. But don’t get too relaxed—its intraday range from $4,446 to $4,583 shows this crypto’s still got some tricks up its sleeve to keep traders on edge…
Read More

Ethereum

Crypto Price Analysis October-03: ETH, XRP, ADA, BNB, and HYPE

This Friday, we examine Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid in greater detail.

Ethereum (ETH)

Ethereum had an excellent week after its price rallied by 14%. This allowed it to move close to $4,500, which may offer the required support to re-test the key resistance at $5,000. With sellers exhausted, buyers are back in control.

Bitcoin also made sustained gains this week, which primed the market for higher levels. This can boost the momentum of Ethereum, which is turning bullish again.

Looking ahead, a clear breakout above $5,000 would place ETH in price discovery and allow it to run much higher quickly. Should that happen, key targets are found at $6,000 and $7,300.

Ripple (XRP)

XRP closed the week 11% higher, which took the price above $3. This is a psychological level that can act as support in the future and provide a base for new highs with key targets at $3.2 and $3.6.

To capitalize on this momentum, the bulls will have to push this cryptocurrency to make higher highs. That would imply a price level of $3.2 and above.

Looking ahead, XRP appears to be finishing its consolidation between $2.7 and $3 and is ready for higher levels. If so, the ATH at $3.6 could be a major magnet for buyers in the last quarter of 2025.

Cardano (ADA)

Cardano also had a good week after it managed to hold above the support at $0.77 and closed with an 11% gain. This puts buyers back in charge, but their biggest test awaits at the $0.90 resistance.

The bullish momentum is not quite there yet to break the key resistance, but if the overall market remains bullish, a breakout is only a matter of time. If successful later, then ADA has a real chance to trade above $1 again.

Looking ahead, October started with a bang as most cryptocurrencies are in green. Cardano also appears poised for new highs if buyers can push it beyond $0.90.

Binance Coin (BNB)

Binance Coin appears unstoppable after it made a new price record at over $1,100. This allowed it to close the week with a 16% gain, making it one of the strongest digital assets in 2025.

The most important resistance, at this time, is found at $1,200, and the price could easily reach that in the coming days if this bullish momentum is sustained. That’s only an 8% price increase at the time of this post.

Looking ahead, this cryptocurrency is well-positioned to capitalize on the enthusiasm across the market that appears to be forming in the last quarter of the year. If $1,200 is broken later, look towards $1,500 next.

Hype (HYPE)

This week, HYPE finally completed its correction and managed to briefly visit $50 after a sustained rally that saw its price increase by 15%. With sellers gone, this cryptocurrency has already recovered most of its recent losses.

To be confident in this rally, HYPE has to claim $50 and defend it as support. If successful, then it has a real shot at revisiting its all-time high at $60.

Looking ahead, despite the volatility, the price continues to show a lot of strength. Even if attention was briefly directed towards other decentralized exchanges, this did not last, and liquidity returned to Hyperliquid, which is now reflected in its token price as well.

SPECIAL OFFER (Sponsored)

Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.