Ethereum Hits $4,100 Liquidity, Next Stop $3,700

Key Insights:

• Ethereum trades near $4,100 support; losing it could push price toward the $3,700–$3,800 demand zone.
• Large ETH outflows from Binance and heavy selling pressure coincide with sharp price decline this week.
• Whale 0x3c9E repeatedly buys high and sells low, adding selling pressure near current market levels.

Ethereum was trading at $4,196.67, down 6% in the last 24 hours and 9% over the past week. The 24-hour trading volume stands at $38.23 billion, reflecting intense market activity during the selloff.

The daily chart shows a sharp move into the $4,100–$4,280 demand zone, with today’s candle reaching $4,100. This price area has provided support several times since August and now forms the first key level that must hold to prevent deeper losses.

Technical Levels and Market Outlook

Analyst Ted said, 

“If this level is lost, Ethereum will drop towards the $3,700–$3,800 level (my dip buying zone).” 

However, the next demand block around $3,700–$3,800 aligns with previous consolidation seen earlier this year and remains untested since the recent rally.

If buyers defend $4,100, Ethereum could attempt a rebound toward $4,350–$4,450. A daily close above that range could open the path toward $4,650–$4,700 and later $4,880–$4,900. Until the price reclaims these higher levels, the current pattern of lower highs keeps downside pressure in place.

Heavy Selling and Exchange Transfers

Intraday charts show strong selling. The ETH/USDT one-hour chart recorded a drop from $4,498 to $4,077, before settling near $4,133. Several hourly candles closed lower, confirming consistent downward momentum.

Blockchain data also recorded large Ethereum outflows from Binance hot wallets to trading firms such as Wintermute. Some transfers exceeded $50 million.  According to Wimar.X,  “BINANCE IS MASSIVELY DUMPING $ETH TO LIQUIDATE LONGS! CLASSIC EXCHANGE GAMES!” While the transfers are confirmed, on-chain data alone does not prove an intent to force liquidations, but the timing matches the sharp price slide.