Ethereum Price Under Pressure as Bearish Sentiment Intensifies
Ethereum (ETH) is facing increased selling pressure as bearish sentiment grips the market. Over the past week, the leading altcoin has experienced a significant correction, dropping approximately 13% and falling below the crucial $4,000 level.
Market Overview and Recent Performance
On September 26, 2025, Ethereum was trading around $3,963, representing a 2.17% decrease in the past 24 hours. The price fluctuated between a low of IDR 64,634,956 and a high of IDR 68,337,519 during that period. The current market capitalization is approximately IDR 8,011 trillion, with a substantial 88% surge in daily trading volume, reaching IDR 1,057 trillion.
Institutional Withdrawals and Long/Short Ratio
A concerning trend is the declining long/short ratio for ETH, currently at 0.95. This indicates that more traders are anticipating a price decrease than a recovery in the near term. A ratio below 1 signifies stronger bearish sentiment and expectations of further price drops. Consistent outflows from spot ETH ETFs, with net outflows reaching $217 million this week, suggest that institutional investors are reducing their support, potentially exacerbating downward momentum and increasing short-term volatility.
| Indicator | Value |
|---|---|
| Long/Short Ratio | 0.95 |
| Spot ETH ETF Net Outflows (This Week) | $217 Million |
Key Price Levels to Watch
ETH is currently trading around $4,026.76, holding slightly above the $3,875 support level. A break below this level could potentially lead to a further decline towards $3,626. Conversely, if demand returns, the price could recover and potentially climb towards $4,211. Market analyst MarketMaestro suggests $3,635 as the next critical support, with a $3,350–$3,160 range as a possible bottom before a potential rebound.
Analyst Perspectives and Potential Reversal
The Relative Strength Index (RSI) is at 71.1, indicating near-overbought levels and suggesting a possible short-term pullback before continuation. The trend remains broadly bullish on higher timeframes, but short-term correction risks are present. A strong breakout above $4,500 could confirm a bullish continuation towards $4,676 if buyers regain control. Until then, traders anticipate ETH to range and retest fair value gap (FVG) zones.
