Ether September correction: Ether (ETH) may retest mid-$3,000 support in September before staging a strong rebound in October, creating a potential bear-trap scenario that could force short-covering and drive prices higher into November.
Mid-$3,000 support test possible in September
Technical setups could form a head-and-shoulders pattern that quickly invalidates in October.
Historical precedent: September 2021 saw a ~30% drop then an all-time high by November; traders should monitor $3,350 and $4,160 levels.
Meta description: Ether September correction: Ether could retest mid-$3,000 support in September before rebounding in October — learn key levels and how traders should prepare.
What is the Ether September correction outlook?
The Ether September correction outlook anticipates a deeper pullback into support near $3,350–$3,500 in September, followed by a technical invalidation and rebound in October. Analysts cite potential head-and-shoulders setups and historical September volatility as drivers of a short-lived but sharp sell-off.
How could a head-and-shoulders pattern affect ETH price action?
Chart-based analysts propose that a head-and-shoulders formation could form to “spook” momentum traders, prompting rapid liquidations. Johnny Woo (crypto trader) warned this pattern could act as a bear trap, while Daan Crypto Trades highlighted consolidation between $4,300–$4,500 and a retest of the four-hour 200 MA near $4,160 as a likely event.
‘,
‘
🚀 Advanced Trading Tools Await You!
Maximize your potential. Join now and start trading!
‘,
‘
📈 Professional Trading Platform
Leverage advanced tools and a wide range of coins to boost your investments. Sign up now!
‘
];
var adplace = document.getElementById(“ads-bitget”);
if (adplace) {
var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”));
var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex;
adplace.innerHTML = adscodesBitget[adsindex];
sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1;
sessionStorage.setItem(“adsindexBitget”, sessperindex);
}
})();
If the pattern completes, a measured move could send ETH toward $3,350 support. Historical reference: in September 2021 ETH fell ~30% from $3,950 to $2,750 before recovering to a new high in November, illustrating how sharp pullbacks can precede strong rallies.
Momentum has softened: ETH has been consolidating in a mid-range, increasing the chance of a downside retest. Technical traders point to range lows and moving averages as actionable support zones. Macro events (US jobs data, Fed rate decisions) add short-term volatility risk, while structural drivers—stablecoin growth and regulatory clarity—remain supportive longer term.
Quote context (plain text): “It might look bearish at first, but if it plays out, it could be the biggest bear trap I’ve ever seen,” — Johnny Woo. Apollo Capital’s CIO Henrik Andersson advises prioritizing fundamentals over short-term patterns, while OKX Singapore’s CEO Gracie Lin highlights structural rails like stablecoin growth as long-term drivers.
‘
];
var adplace = document.getElementById(“ads-binance”);
if (adplace) {
var sessperindex = parseInt(sessionStorage.getItem(“adsindexBinance”));
var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBinance.length) : sessperindex;
adplace.innerHTML = adscodesBinance[adsindex];
sessperindex = adsindex === adscodesBinance.length – 1 ? 0 : adsindex + 1;
sessionStorage.setItem(“adsindexBinance”, sessperindex);
}
})();
Source: https://en.coinotag.com/ether-could-drop-to-mid-3000s-in-september-before-possible-october-rebound-analysts-say/