Ethereum aprofunda queda e ataca posições longas acumuladas abaixo de US$ 4.000
ETH enfrenta pressão vendedora enquanto liquidações em cascata atingem traders alavancados.
O segundo maior criptoativo testa suportes críticos após falhar na sustentação acima de patamares psicológicos.
Mercado em alerta para possíveis efeitos dominó em altcoins vinculadas ao desempenho da Ethereum.
Traders institucionais reduzem exposição enquanto holders de longo prazo mantêm posições - clássico movimento de 'fraqueza das mãos fracas'.
Analistas técnicos apontam que romper a barreira dos US$ 4.000 tornou-se obstáculo maior do que previsto.
Enquanto isso, os mesmos gestores de fundos que pregavam 'HODL eterno' agora justificam tomadas de lucro com relatórios de 50 páginas.
Spot buying continues as whales buy the dip on ETH
The recent flushing of long positions is often viewed as a deliberate move, a mix of whale activity, aggressive traders, and large-scale market makers.
During the downturn, ETH whales were back to their usual behavior, acquiring reserves of spot ETH. The Ethereum project is still seen as key for decentralized finance and eventual mainstream adoption, hence the long-term confidence.
During the market downturn, 10 new whale wallets acquired 201K ETH, as seen by on-chain analysts.
Whales are aggressively buying $ETH now.
Today, 10 new wallets have bought 201K ETH worth $855 million from exchanges and OTC.
This often happens when ETH is getting closer to a bottom. pic.twitter.com/EUBMXE5cwZ
— ZYN (@Zynweb3) September 25, 2025
At the same time, Wintermute almost depleted its ETH reserves, retaining 5K tokens after active transfers to centralized markets and DEX.
Is ETH done with the losses?
Bearish predictions see ETH dipping as low as $3,700 before shifting its direction. For others, the $3,900 support level is the turning point, following the removal of long liquidity at that range.
ETH wiped out most of the long liquidity, causing analysts to predict a price bottom at the $3,900 range and an upcoming price recovery. | Source: Coinglass
One of the signs for the shift is the liquidation of short positions. Following the dip under $4,000, traders started attacking short positions, causing $4.5M in liquidations within an hour.
Additionally, the long liquidations showed a trading profile that suggested a short-term dumping of ETH. The biggest share of the day’s liquidations happened within the four-hour window, during Asian trading hours.
Recent wallet flows show Binance increased its stablecoin reserves to a new high, while ETH and other tokens flowed in from the Wintermute market maker. Similar transactions happened during the market downturn at the end of August.
The loss of long positions has not caused market capitulation for now. However, ETH may take weeks to rebuild liquidity and reclaim previous levels. A breakout to $4,580 is seen as a resistance level before a more confident bull market.
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