ETH crashes to $3,800 as selling pressure builds again
Ethereum is having another rough trading day. After holding above $4,000 for most of last week, ETH has slipped back down to around $3,800 a clear sign that traders are taking profits and sentiment has cooled off.
The drop might sound dramatic, but here’s what’s really happening
Why Ethereum fell today
Heavy profit-taking: Many short-term traders started locking in gains once ETH hit $4,000. That selling pressure pushed prices down fast.
Weak overall market mood: Bitcoin also cooled off today, and when BTC drops, Ethereum usually follows.
Macro pressure: A stronger U.S. dollar and cautious global markets are making crypto traders more defensive this week.
Earlier liquidations still hurting: Big leveraged positions from earlier in the month were wiped out, and that’s left the market fragile so even small sell-offs hit harder.
Current snapshot
Price: Around $3,800
24-hour change: roughly 3%
Volume: High a lot of traders are still active, but most of that is short-term selling.
Key levels to watch
Support zone: $3,700–$3,800 if ETH holds here, we could see a bounce.
Resistance: $4,150–$4,250 bulls need to reclaim this zone to restart an uptrend.
What this means
Right now, Ethereum isn’t crashing because of bad news it’s more of a market cooldown after weeks of gains. Traders are trimming risk, whales are adjusting positions, and emotions are running high.
If ETH stays above $3,700, that’s a healthy correction. But if it breaks below that, we could see another sharp dip before buyers step back in.
Bottom line
Ethereum is just going through one of those “shake-out” phases that crypto is famous for. Long-term holders are mostly calm short-term traders are the ones feeling the pressure.
If you believe in ETH’s long game, this is noise.
If you’re trading short-term, stay sharp and watch those key levels.