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TL;DR<\/strong><\/p>\n Ethereum is trading near $4,200 after sliding almost 6% in the last 24 hours and over 8% weekly. During the past seven days, ETH has traded in a range between $4,200 and $4,600. On the daily chart, the 21 EMA continues to act as a short-term guide as ETH searches for support.<\/p>\n Analyst EGRAG CRYPTO noted<\/a> that this move may set up a relief rally. They said, \u201cThe potential for a retest of the $4,000 mark with the potential 21 EMA is still very much alive.\u201d<\/em> Current support sits between $4,000 and $4,100, with $3,860 as a secondary level to watch.<\/p>\n On higher timeframes, Ethereum has already broken out of a descending broadening wedge. The pattern suggests that ETH is now retesting $4,000 as support after its breakout. EGRAG CRYPTO pointed to a longer-term projection, saying,<\/p>\n \u201cWith strong market dynamics and a positive sentiment, we could see ETH making a significant push toward the $10,000\u2013$12,000 range.\u201d<\/p>\n<\/blockquote>\n Past consolidations have followed similar rejection points before price continued upward. Analysts suggest that as long as ETH holds above the $3,860\u2013$4,000 range, the long-term outlook remains constructive.<\/p>\n Analyst Ash Crypto pointed to a separate development on the daily chart, where ETH broke down from a symmetrical triangle that had been building since mid-July. The drop confirmed short-term weakness, often associated with stop-loss triggers and sharper volatility.<\/p>\n They described the move as a final reset before renewed upside, saying,<\/p>\n $ETH<\/a> has broken down from the daily chart triangle<\/p>\n This will be the last shakeout before a huge rally in Q4 pic.twitter.com\/fV85AVUC5M<\/a><\/p>\n \u2014 Ash Crypto (@Ashcryptoreal) September 22, 2025<\/a><\/p>\n<\/blockquote>\n Support is now found around $4,160\u2013$4,200. If this zone fails, ETH could revisit $3,850\u2013$3,900. On the upside, reclaiming $4,400 would be the first sign of strength, with $4,600\u2013$4,800 as the next resistance zone.<\/p>\n The $4,000 zone has remained at the epicenter of near-term direction for Ethereum. If the price manages to hold on to this level, it may open the door for some recovery toward $4,600 and beyond. Failure to defend will stretch the pullback toward $3,850.<\/p>\n Market participants are observing whether the pullback turns out to be a brief shakeout before a stronger Q4 rally or more profound retracement. The upcoming daily and weekly closes will be heavily scrutinized for confirmation.<\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n <\/p><\/div>\n\n
Short-Term Pullback and Key Levels<\/h2>\n
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Triangle Breakdown Seen as Shakeout<\/h2>\n
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\nBinance Free $600 (CryptoPotato Exclusive): Use this link<\/a> to register a new account and receive $600 exclusive welcome offer on Binance<\/b> (full details<\/a>).<\/p>\n
![<\/a>Source: EGRAG CRYPTO\/X<\/figcaption><\/figure>\nAnalyst EGRAG CRYPTO noted<\/a> that this move may set up a relief rally. They said, \u201cThe potential for a retest of the $4,000 mark with the potential 21 EMA is still very much alive.\u201d<\/em> Current support sits between $4,000 and $4,100, with $3,860 as a secondary level to watch.<\/p>\nOn higher timeframes, Ethereum has already broken out of a descending broadening wedge. The pattern suggests that ETH is now retesting $4,000 as support after its breakout. EGRAG CRYPTO pointed to a longer-term projection, saying,<\/p>\n\n\u201cWith strong market dynamics and a positive sentiment, we could see ETH making a significant push toward the $10,000\u2013$12,000 range.\u201d<\/p>\n<\/blockquote>\nPast consolidations have followed similar rejection points before price continued upward. Analysts suggest that as long as ETH holds above the $3,860\u2013$4,000 range, the long-term outlook remains constructive.<\/p>\nTriangle Breakdown Seen as Shakeout<\/h2>\nAnalyst Ash Crypto pointed to a separate development on the daily chart, where ETH broke down from a symmetrical triangle that had been building since mid-July. The drop confirmed short-term weakness, often associated with stop-loss triggers and sharper volatility.<\/p>\nThey described the move as a final reset before renewed upside, saying,<\/p>\n\n$ETH<\/a> has broken down from the daily chart triangle<\/p>\nThis will be the last shakeout before a huge rally in Q4 pic.twitter.com\/fV85AVUC5M<\/a><\/p>\n\u2014 Ash Crypto (@Ashcryptoreal) September 22, 2025<\/a><\/p>\n<\/blockquote>\nSupport is now found around $4,160\u2013$4,200. If this zone fails, ETH could revisit $3,850\u2013$3,900. On the upside, reclaiming $4,400 would be the first sign of strength, with $4,600\u2013$4,800 as the next resistance zone.<\/p>\nThe $4,000 zone has remained at the epicenter of near-term direction for Ethereum. If the price manages to hold on to this level, it may open the door for some recovery toward $4,600 and beyond. Failure to defend will stretch the pullback toward $3,850.<\/p>\nMarket participants are observing whether the pullback turns out to be a brief shakeout before a stronger Q4 rally or more profound retracement. The upcoming daily and weekly closes will be heavily scrutinized for confirmation.<\/p>\n\nSPECIAL OFFER (Sponsored)<\/span><\/center>\nBinance Free $600 (CryptoPotato Exclusive): Use this link<\/a> to register a new account and receive $600 exclusive welcome offer on Binance<\/b> (full details<\/a>).<\/p>\nLIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n<\/p><\/div>\n](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/09\/G1bmwzhXgAAvX_t-scaled.jpeg\"){kind=link}