Ethereum (CRYPTO: ETH) has dipped below the $4,000 mark, triggering massive losses for one whale trader and renewing fears about further downside.
| Cryptocurrency | Ticker | Price | Market Cap | 7-Day Trend |
| Ethereum | (CRYPTO: ETH) | $3,988.08 | $481.5 billion | -12.9% |
| Bitcoin | (CRYPTO: BTC) | $111,359.45 | $2.2 trillion | -5% |
| XRP | (CRYPTO: XRP) | $2.82 | $168.9 billion | -9.5% |
Trader Notes: Trader CrediBULL Crypto emphasizes that a 30% drop from all-time highs isn't alarming, citing Bitcoin's similar 20–40% corrections during the 2017 bull run.
He stresses that structural support levels matter more than the size of the drop.
The high-timeframe impulse starts at $2,090, so a dip below the current zone would still be healthy, though a bounce would be ideal. He cautions, "Don't start screaming "ETH is dead" again like you guys did under $2,000 just because of a dip."
Cold Blooded Shiller pointed out that ETH has gained 280% over four months, compared to gold's 12% upside.
He argued that routine pullbacks are normal and only weekly closes below key support should shift the bearish narrative.
Trader Mags notes that ETH is testing a critical support zone after 1,127 days of consolidation, cautioning that a daily close under $4,000 could signal a bearish trend.
Statistics: Lookonchain data highlighted an Ethereum whale that got liquidated on a 9,152 ETH, worth $36.4 million, long position as prices dropped below the $4,000 mark. This takes his total loss to more than $45.3 million.
Community News: Hashdex Asset Management and Nasdaq Global Indexes announced the expansion of the Hashdex Nasdaq Crypto Index US ETF (NCIQ) to now include spot Bitcoin, Ethereum, XRP, Solana, and Stellar.
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