Ethereum price dropped roughly 6% to $4,172, testing critical support near $4,200. Derivatives and funding-rate flows show aggressive selling and capitulation risk, creating potential accumulation zones between $4,000–$4,200 if buyers step in; failure could open a slide toward $3,600–$3,800.
Ethereum price falls to $4,172, testing $4,200 support
Derivatives data show negative funding rates and falling open interest, signaling sell-side pressure.
Analysts cite $4,000–$4,200 as key accumulation range; downside targets span $3,600–$2,630 if support fails.
Ethereum price drops 6% to $4,172, testing $4,200 support; derivatives show heavy selling. Read analysis, key levels, and accumulation zones for traders.
Ethereum drops 6%, testing support at $4,200. Analysts highlight accumulation zones, with further declines possible if support fails.
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- Ethereum’s price falls below $4,200, signaling key support levels that could prompt accumulation for long-term traders.
- Derivatives data indicate aggressive selling, with capitulation patterns suggesting the market is oversold and primed for a potential rebound.
- Traders are closely monitoring the $4,000 to $4,200 range, with a failure to hold these levels potentially triggering further declines.
Ethereum has seen a sharp drop of over 6%, with its price hitting $4,172, marking the lowest level since early August. This decline erased billions from Ethereum’s market capitalization, now near $505 billion. Despite the sudden downturn, analysts view the dip as a possible accumulation window around high-volume support levels.
Market expert Michael van de Poppe highlighted the $4,100 to $4,000 range as an attractive entry point for long-term investors, calling the move a “market flush” and an opportunity to position for the next leg higher. His observation reinforces the view that short-term momentum loss can create buying opportunities for longer-term traders.
A breakdown of $ETH.
Result is that we’re seeing a big flush on the markets.
That’s fine.
These are the first regions to be scooping up some more $ETH to be positioning yourself for the next leg upwards. pic.twitter.com/QwMhEo9uek
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Ethereum price slid roughly 6% amid aggressive derivatives selling and negative funding rates, which forced liquidations and pushed short-term momentum lower. If buyers defend the $4,000–$4,200 range, the market may consolidate and allow for accumulation; otherwise, deeper corrections toward $3,600 are possible.
Derivatives metrics show falling open interest on major venues and negative net taker volume, indicating that long positions are being closed. Funding rates turning negative across exchanges mean sellers are dominant and hedged shorts are cheaper to hold, a combination commonly seen during capitulation phases.
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