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TL;DR<\/strong><\/p>\n Ethereum (ETH) has dropped below the key $4,100 level, breaking down from its recent range and putting bullish momentum on pause. The move follows a sharp correction of nearly 20% over the past two weeks. At the time of writing, ETH trades around $3,900, marking a weekly decline of over 12%.<\/p>\n Analyst Daan Crypto Trades noted<\/a> the importance of the $4,090 level as a cycle high. \u201cIf the weekly closes below the ~$4.1K level,<\/em>\u201d he stated, \u201cwatch closely if there\u2019s additional continuation down over the days and weeks following it.<\/em>\u201d He added that the current move could represent a false breakout, but confirmation would only come if the price starts grinding back up.<\/p>\n A separate chart shared by Trader Tardigrade shows a repeating fractal structure when comparing ETH\u2019s current price pattern to the 2020 cycle. It reflects a V-shaped recovery followed by consolidation below key resistance, similar to the lead-up to Ethereum\u2019s breakout in the previous bull market.<\/p>\n The asset is currently sitting just below the $4,100 zone, which matches the resistance level shown in the earlier cycle. The setup suggests that if ETH follows the same path, a breakout could follow. However, that would require a clean move above resistance and sustained buying. Trader Tardigrade posted,<\/p>\n $ETH<\/a>\/3-day#Ethereum<\/a> is gathering momentum for an upcoming Massive Surge pic.twitter.com\/lzCqxqYFe7<\/a><\/p>\n \u2014 Trader Tardigrade (@TATrader_Alan) September 26, 2025<\/a><\/p>\n<\/blockquote>\n Micha\u00ebl van de Poppe identified the current zone between $3,800 and $4,000 as an important area of support. ETH is now approaching the 20-week moving average, which has often acted as a dynamic support level in previous uptrends.<\/p>\n To me, this is the ideal zone to start accumulating positions in $ETH<\/a>.<\/p>\n It\u2019s a higher timeframe support test and approaching the 20-Week MA. pic.twitter.com\/X0qwGE8oho<\/a><\/p>\n \u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) September 26, 2025<\/a><\/p>\n<\/blockquote>\n The weekly chart he shared shows a support block that had previously acted as a base for upward moves. If the zone holds, it could stabilize the price. If not, lower levels around $2,850 may be tested.<\/p>\n Ali Martinez used the MVRV Extreme Deviation Pricing Bands to mark the next areas of interest. He noted<\/a> that $4,840 is the critical level to break in order to reverse the current downtrend. According to the MVRV model, a move above this line could lead to a push toward $5,860.<\/p>\n On the downside, Ali warned that failure to reclaim this level could bring ETH back to $2,750, aligning with the -0.5\u03c3 deviation band.<\/p>\n \u201cFail, and a correction to $2,750 comes into play,\u201d he wrote.<\/p>\n<\/blockquote>\n ETH currently trades above the MVRV mean at $3,797, but if that level is lost, downside pressure may increase.<\/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
Ethereum Slips Below Crucial Support Zone<\/h2>\n
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Support Retest Around 20-Week MA<\/h2>\n
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MVRV Bands Point to Key Resistance and Downside Risk<\/h2>\n
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![<\/a>Source: Daan Crypto Trades\/X<\/figcaption><\/figure>\nA separate chart shared by Trader Tardigrade shows a repeating fractal structure when comparing ETH\u2019s current price pattern to the 2020 cycle. It reflects a V-shaped recovery followed by consolidation below key resistance, similar to the lead-up to Ethereum\u2019s breakout in the previous bull market.<\/p>\nThe asset is currently sitting just below the $4,100 zone, which matches the resistance level shown in the earlier cycle. The setup suggests that if ETH follows the same path, a breakout could follow. However, that would require a clean move above resistance and sustained buying. Trader Tardigrade posted,<\/p>\n\n$ETH<\/a>\/3-day#Ethereum<\/a> is gathering momentum for an upcoming Massive Surge pic.twitter.com\/lzCqxqYFe7<\/a><\/p>\n\u2014 Trader Tardigrade (@TATrader_Alan) September 26, 2025<\/a><\/p>\n<\/blockquote>\nSupport Retest Around 20-Week MA<\/h2>\nMicha\u00ebl van de Poppe identified the current zone between $3,800 and $4,000 as an important area of support. ETH is now approaching the 20-week moving average, which has often acted as a dynamic support level in previous uptrends.<\/p>\n\nTo me, this is the ideal zone to start accumulating positions in $ETH<\/a>.<\/p>\nIt\u2019s a higher timeframe support test and approaching the 20-Week MA. pic.twitter.com\/X0qwGE8oho<\/a><\/p>\n\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) September 26, 2025<\/a><\/p>\n<\/blockquote>\nThe weekly chart he shared shows a support block that had previously acted as a base for upward moves. If the zone holds, it could stabilize the price. If not, lower levels around $2,850 may be tested.<\/p>\nMVRV Bands Point to Key Resistance and Downside Risk<\/h2>\nAli Martinez used the MVRV Extreme Deviation Pricing Bands to mark the next areas of interest. He noted<\/a> that $4,840 is the critical level to break in order to reverse the current downtrend. According to the MVRV model, a move above this line could lead to a push toward $5,860.<\/p>\nOn the downside, Ali warned that failure to reclaim this level could bring ETH back to $2,750, aligning with the -0.5\u03c3 deviation band.<\/p>\n\n\u201cFail, and a correction to $2,750 comes into play,\u201d he wrote.<\/p>\n<\/blockquote>\nETH currently trades above the MVRV mean at $3,797, but if that level is lost, downside pressure may increase.<\/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\/G1tY9azWUAABfVy.jpeg\"){kind=link}