The Ethereum market, like a Siberian winter, has grown colder, with prices plunging another 10.35% this week, slipping below the once-stalwart $4,000 support. Yet, amidst this icy correction, the leviathans of the crypto world-ETH whales-have surfaced, scenting opportunity in the chill. 🐋 Crypto sages whisper of an impending thaw, a reversal that could soon lift ETH from its frostbitten depths.
Oversold Signals and the Ghosts of April Past
Crypto analyst Lark Davis, perched like a crow atop the market’s gallows, observes that Ethereum has fallen 20% in two weeks, dragging its Relative Strength Index (RSI) into the most oversold territory since April-a time when ETH rallied a staggering 134% in two months. Ah, the sweet, fleeting memories of spring! 🌸
ETH has found temporary respite in the $3,800-$3,900 range, a critical life raft that Davis insists must hold to preserve even a shred of bullish sentiment. Should broader crypto winds shift favorably in Q4, this oversold signal could propel Ethereum toward the lofty heights of $7,000-$8,000-assuming, of course, the whales don’t capsize the boat first. 🚢
ETH RSI in oversold territory | Source: TradingView
Michael van de Poppe, another oracle of this digital age, reminds us that September is historically a cruel mistress for ETH and the crypto market. Yet, he clings to hope, predicting a robust Q4 and a stellar Q1 2026. On X, he wistfully mused:
“Markets always correct in September / October. Historically, Q4 and Q1 are altcoin paradises. September is a dumpster fire, and that’s what we’ve seen with $ETH-down nearly 10%. Q4 is almost always positive, and Q1 is the golden child of quarters.”
As of now, ETH teeters at $4,006. Should this support crumble, a descent to $3,600-or, heaven forbid, $2,750-could be in the cards. The MVRV price bands loom ominously, like storm clouds over the tundra. ⛈️
Whales Feast While the Market Bleeds
Blockchain analytics firm Lookonchain reports that Ethereum’s marine giants have gobbled up 431,018 ETH, worth roughly $1.73 billion, in just three days. 🐋💸
Whales keep accumulating $ETH!
16 wallets have received 431,018 $ETH($1.73B) from #Kraken, #GalaxyDigital, #BitGo, #FalconX and #OKX in the past 3 days.
– Lookonchain (@lookonchain) September 27, 2025
These inflows, distributed across 16 wallets from esteemed platforms like Kraken and BitGo, signal relentless accumulation by whales-proof that even in the tempest, the hunt continues. 🦈
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2025-09-28 15:03