Ethereum dips below $4,000 amid macro jitters and slowing ETF inflows
Quick Take Ethereum fell below $4,000 earlier today as traders assessed macroeconomic risks and liquidations. Analysts say the price decline is a sign of investor accumulation through self-custody or yield staking instead of market panic.
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crypto analyst said long-term holders of ETH are doubling down on the contrary — "On-chain data shows over 420,000 ETH withdrawn from exchanges this week, suggesting accumulation rather than panic."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out that Ethereum exchange balances have fallen to lowest levels in nine years, with millions worth of ETH being withdrawn from centralized exchanges.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."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Xerox’s Campus Transformation in Webster, NY: A Model for Infrastructure-Led Industrial Expansion in Upstate New York
- Webster , NY's $9.8M FAST NY-funded infrastructure upgrades are transforming Xerox's former campus into a $1B industrial hub with 1M sq ft of shovel-ready space by 2025. - Xerox's divestiture and municipal road access projects create a low-risk environment for investors, attracting e-commerce, cold-chain logistics, and semiconductor sectors. - The redevelopment has boosted local property values by 10.1% annually and will create 250 jobs via projects like fairlife®'s dairy facility, aligning with NY's adv
The Tenacity of Entrepreneurs in Creating Lasting Businesses
- Three founders-Chung Ju-Yung, Bill Walsh, Alan McKim-built enduring enterprises through resilience, operational discipline, and culture-driven innovation. - Chung Ju-Yung's frugality and precision transformed Hyundai into a global industrial force by overcoming post-war adversity through meticulous execution. - Bill Walsh's "West Coast Offense" and culture of preparation revolutionized football, demonstrating how organizational resilience drives sustained success. - Alan McKim turned personal hardship in
Ethereum News Update: Ethereum Faces a Turning Point—Can Institutional Interest Ignite a New Bull Market?
- Ethereum faces mixed signals near $3,000, with RSI recovery and MACD buy signals conflicting with bearish Death Cross patterns. - Institutional demand persists as Bitmine accumulates 50,000 ETH, contrasting Bitcoin's stronger ETF inflows and broader crypto market volatility. - Key resistance at $3,468 and $3,000 levels could determine whether bullish momentum resumes or correction deepens. - Macroeconomic factors like Fed policy and institutional adoption, rather than pure price action, increasingly shap
Zcash Halving and Its Impact on Cryptocurrency Market Trends
- Zcash's 2025 halving cut block rewards by 50%, boosting scarcity and triggering a 24% price surge to $750. - Unlike Bitcoin's predictable halving cycles, Zcash and Monero show higher volatility due to niche demand and regulatory uncertainty. - Institutional adoption (e.g., $137M Grayscale inflow) and privacy features like shielded pools amplified Zcash's scarcity narrative. - Monero's tail emission model contrasts Zcash's deflationary approach, yet both face challenges balancing privacy utility with regu
Trending news
MoreCrypto prices
More
