Ethereum’s price dipped below $4,000 for the first time since early August during Thursday morning trading hours.
According to The Block’s Ethereum price page, the cryptocurrency traded around $3,999 at around 1:00 a.m. on Thursday. It has since recovered to $4,037, down 2.91% in the past 24 hours.
“Ethereum’s recent dip below the psychological $4K mark was triggered by a mix of technical breakdowns, macroeconomic jitters, and cascading liquidations,” said Rachael Lucas, crypto analyst at BTC Markets. “A failure to hold the $4,200 support zone led to over US$1.7 billion in altcoin liquidations, with ETH alone accounting for US$212.9 million.”
While the U.S. Federal Reserve lowered interest rates in September, the 25 basis point rate cut failed to ignite a sustained bull rally as once expected. One of the factors was Chair Jerome Powell’s comment, saying that he is in no hurry to further lower rates.
On top of that, Ethereum spot exchange-traded funds have seen reduced inflows this month. So far in September, ETH ETFs have collectively accumulated only $110 million in net inflows, where August’s inflow amount exceeded $3.8 billion.
However, the crypto analyst said long-term holders of ETH are doubling down on the contrary — “On-chain data shows over 420,000 ETH withdrawn from exchanges this week, suggesting accumulation rather than panic.”
Nassar Achkar, Chief Strategy Officer at CoinW, also pointed out that Ethereum exchange balances have fallen to lowest levels in nine years, with millions worth of ETH being withdrawn from centralized exchanges.
“[This underscores] a profound shift toward long-term holding amid growing institutional confidence,” Achkar said. “This sustained outflow signals a potential supply shock on the horizon, as whales and retail buyers prioritize self-custody and staking yields over short-term trading, potentially setting up ETH’s next major price rally towards new all-time highs.”
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
