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Data from CoinMarketCap in September 2025 indicated that Ethereum’s market capitalization exceeded $480 billion, with daily trading volumes of approximately $19 billion. Traders and analysts say the $4,000 mark could decide whether Ethereum consolidates or risks a sharper pullback.
Member of TrendSpider, Jake Wujasty, posted on X, showing whether Ethereum is just going to leave this little breadcrumb right here.
While Bitcoin took most of that liquidity, Ethereum saw meaningful inflows. In fact, Ethereum gained more than 12 percent during September, supported by ETF allocations and fund rebalancing.
Ethereum Faces a Critical $4,000 Test Amid Market Uncertainty
On one hand, steady inflows into ETH-based ETFs show that institutional interest remains strong. On the other hand, recent whale movements and large transfers to exchanges have sparked concerns about possible selling pressure.
 
This tension leaves traders questioning whether ETH can maintain its momentum above the key $4,000 level or if it may dip lower in the short term.
However, many analysts argue that as long as Ethereum continues to attract both retail and institutional investors, the broader outlook remains bullish despite short-term volatility.
Large holders, also known as “whales,” have been active. Whales move $1.7B in ETH, signaling potential price surge. Ethereum’s price volatility continues as whale accumulation reduces the circulating supply.
Such movements often spark speculation about whether whales are preparing to sell or reposition portfolios. While some analysts interpret these flows as profit-taking, others suggest they reflect growing confidence in ETF-driven liquidity, which makes it easier to move in and out of large positions without destabilizing markets.
Ethereum’s $4,000 test is more than a number. It represents a psychological and technical pivot point for investors weighing whether ETFs and adoption trends are enough to sustain momentum.
If ETH can defend the level, the case for further gains toward $4,200–$4,500 strengthens. If not, a slide toward $3,600 or lower cannot be ruled out.
Source: https://zycrypto.com/can-ethereum-defend-4000-or-is-a-deeper-correction-ahead/