Analyst: Ethereum Could Drop to Around $4270 to Find Support

By: theblockbeats.news|2025/08/29 09:01:45

BlockBeats News, August 29th, according to crypto analyst Lennaert Snyder, Ethereum's next key support level to watch is $4270. If Ethereum can hold above this level and "confirm" support, then considering a long position would be reasonable.

「If $4,270 is breached, one can consider opening a short position. Deeper liquidity can be found around $3,950, and if a reversal signal occurs, that area is a key support level to watch for a potential long opportunity.」

[Sell the HYPE and Long ETH Whale] Nearly half an hour stop loss resulted in a $1.26 billion liquidation of long positions GoldTech Holdings has completed a HKD 2.65 billion new share placement financing, which will be used to explore Risk-Weighted Assets (RWA) applications and develop new blockchain businesses.

Analyst: Ethereum Could Drop to Around $4270 to Find Support

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