Ethereum Price Drop: Is $3,500 the Next Target?
Ethereum dips below $4,000 after massive liquidations—could it crash further to $3,500?
- Ethereum recently dropped from the $4,000 range after major liquidations
- Analysts eye liquidity zones near $3,500 as potential next targets
- Market sentiment remains cautious amid ongoing volatility
Ethereum’s price has taken a sharp downturn, falling from the $4,000–$4,150 range and triggering a wave of liquidations across the crypto market. In just a few hours, billions of dollars in long positions were wiped out, sending shockwaves through the Ethereum ecosystem.
This aggressive move downwards was likely driven by over-leveraged traders getting flushed out as sell pressure mounted. Large liquidity clusters, which had built up during Ethereum’s rally above $4,000, are now acting as magnets for further downside targets.
Could $3,500 Be the Next Stop?
Market analysts and traders are closely watching the $3,500 level—a zone that contains a large concentration of stop losses and liquidity. In technical terms, this is known as a “liquidity cluster,” an area where price could temporarily move to before potentially bouncing back.
If the bearish momentum continues, Ethereum might sweep through this cluster to shake out weak hands before stabilizing. However, it’s worth noting that such liquidity-driven moves don’t necessarily indicate long-term bearishness. These dips can often present buying opportunities for long-term holders.
What’s the Market Sentiment Now?
Despite the drop, Ethereum’s fundamentals remain strong. The network continues to lead in DeFi activity and layer-2 scaling solutions. However, short-term sentiment is fragile, and traders are exercising caution.
Whether Ethereum finds support at $3,500 or dips lower will depend heavily on macro factors, broader crypto market trends, and investor appetite in the coming days.
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