ETH slides to $3,990 as ETF leaks become emotionally heavy

Ethereum Price is $3,992 after falling below the $4,035-$4,080 support zone. Sales pressure has been strengthened as ETH failed to maintain its foothold above the $4,285 resistance, and momentum has been reduced further by a significant ETF outflow. Immediate testing is currently in a support area ranging from $3,850 to $3,900. This determines whether the buyer can reestablish control or whether the modifications will deepen.

Ethereum prices are retained with important support

Daily charts show that ETH breaks from the integrated triangle and tests a 50-day EMA of nearly $3,990. Immediate resistance is $4,080, followed by a strong supply of $4,216 and $4,285. It is necessary to get back to these levels to revive bullish momentum.

The $3,854 100-day EMA has become an important defensive line. This level of loss could open a deeper retracement to the EMA for $3,500, for $3,403, for a 200-day, $3,403. The momentum indicator emphasizes pressure and the RSI shows a trend of selling at 37, but still does not cause strong bounce.

ETF spill adds to sales pressure

Flows Data emphasizes the bearish tilt. On September 27, Ethereum recorded a net outflow of $506.1 million across the exchange, maintaining its sales activity. In particular, ETF products saw a $248 million spill, and BlackRock alone dropped nearly $200 million of ETH Holdings.

Such a massive withdrawal impairs market confidence and suggests that facilities are reducing exposure rather than accumulating dips. Analysts warn that permanent spills can extend the integration phase, especially if Spot ETF redemption continues.

Traders emphasize low cycles

Despite the negative flow, some traders argue that ETH may be approaching the cyclical bed. Popular analyst Jake Wujastyk points to similarities between current RSI patterns and previous bottom formations, suggesting that ETH may be testing key accumulation zones.

Historically, ETH has bounced back after a long upward trend approaching 100 days of EMA. A short-term recovery to $4,200 remains possible if buyers defend support between $3,850 and $3,900. Yet convictions require a stronger influx to offset ETF-related pressures.

On-chain data indicates weak participation

Exchange data supports even more careful emotions. Netflows has been negatively dependent for several weeks, with only short inflow spikes quickly reversing. Open interest has also been cooled, reflecting traders’ reluctance to commit aggressively.

This lack of sustained participation underscores the gap between retail enthusiasm and institutional positioning. Without clear evidence of influx, today’s ETH price actions remain vulnerable to further volatility.

Technical outlook for Ethereum prices

Short-term Ethereum price forecasts vary depending on whether the region is retained between $3,850 and $3,900.

• Rising Level: If momentum returns, $4,080, $4,216, $4,285.
• Disadvantage levels: 3,854, $3,500, and $3,403 key defence lines.
• Momentum: RSI is close to overselling, but it requires confirmation due to a higher inflow.

Outlook: Will Ethereum rise?

Ethereum faces a tough balancing act between bearish ETF spills and technical support levels. If the buyer is able to exceed $3,850, a relief of $4,200-$4,285 remains. However, losing that zone puts a deeper correction to $3,500 at risk.

For now, today’s prices at Ethereum reflect vulnerable sentiment. Institutional outflows dominate the narrative, and the level of technology suggests the potential of the floor. Traders are looking carefully to see if the ETH is stable before the seller forces another leg.