Ethereum at Critical Technical Crossroads: Analyst Warns of Potential Pullback to $2,850

Ethereum is currently facing a decisive technical moment that could determine its near-term price trajectory, according to prominent technical analyst Nik Patel. The cryptocurrency finds itself at a crucial juncture with a make-or-break zone identified around the $4,000 level. Patel's analysis emphasizes that Ethereum's ability to reclaim and sustain above the $4,093 resistance level will be pivotal in determining whether the asset can resume its upward momentum or face significant downward pressure. The technical setup presents a binary outcome scenario where failure to hold this critical pivot point could trigger a substantial price correction. Should Ethereum fail to maintain its position above this key level, Patel warns of a potential flush toward the 2025 opening price, with the weekly invalidation level firmly established at $3,700. This analysis considers both the ETH/USD trading pair and the ETH/BTC pair, providing a comprehensive view of Ethereum's relative strength against both the US dollar and Bitcoin. The current technical structure suggests that if the $3,700 support fails to hold, the next significant downside target would be approximately $2,850, representing a substantial pullback from current levels. This analysis comes at a time when Ethereum continues to demonstrate fundamental strength in its ecosystem development and adoption, making the technical crossroads particularly significant for traders and investors. The outcome of this technical battle will likely set the tone for Ethereum's price action in the coming weeks, with the $4,093 level serving as the primary determinant between continued bullish momentum and a deeper corrective phase.

Analyst Warns of Potential Ethereum Pullback to $2,850 Amid Key Technical Crossroads

Ethereum faces a critical juncture as technical analyst Nik Patel identifies a make-or-break zone NEAR $4,000. The asset's ability to reclaim $4,093 will determine whether it resumes its upward trajectory or tests lower support levels. A failure to hold this pivot could trigger a flush toward the 2025 open price, with weekly invalidation set at $3,700.

Patel's analysis hinges on ETH/USD and ETH/BTC pair dynamics, emphasizing the need for alignment between lower-timeframe action and higher-timeframe structure. The August open saw ethereum wick below trendline support but maintain above prior weekly lows, creating an inside week that closed slightly below a major pivot. A swift reclaim of $4,093 could establish a quarterly low, paving the way for a test of $4,400 as support before challenging all-time highs.

Ethereum Foundation Executes $654M Internal ETH Transfer Amid Market Rebound

The Ethereum Foundation has moved 160,000 ETH (approximately $654 million) between internal wallets, marking its first major on-chain activity in months. Blockchain analytics firm Lookonchain first identified the transaction, which ranks among the Foundation's largest single transfers this year.

No ETH was routed to centralized exchanges, dispelling immediate concerns of a market sale. The funds were transferred from a primary Foundation address to a Gnosis Safe-controlled wallet, suggesting routine treasury management rather than liquidation. Historical Foundation transactions have often preceded sales, but Arkham data confirms all 160,000 ETH remain within controlled wallets.

Ethereum's price held steady above $4,000 despite the sizable movement, with analysts interpreting the transfer as operational housekeeping—potentially related to security upgrades or multi-signature protocol adjustments. The market's muted reaction contrasts with previous instances where Foundation activity triggered volatility.

BullZilla Presale Gains Momentum as Meme Coin Market Evolves

BullZilla ($BZIL) is redefining meme coin presales with its dynamic pricing model and aggressive community growth. The project has raised over $940,000 in its seventh presale stage, selling 31 billion tokens to 3,100 holders. Early investors have seen returns exceeding 3,014%, with the current price of $0.00017907 automatically adjusting upward every $100,000 raised or 48 hours.

The Ethereum-based token demonstrates how presale mechanics are becoming sophisticated marketing tools. MoonBull and La Culex similarly leverage speculative energy, but BullZilla's automatic price escalation creates unique urgency. A $1,000 investment currently yields approximately 5.58 million tokens, with listing targeted at $0.00527 - a potential 2,843% gain from current levels.

Ethereum Foundation Sparks Sale Rumor With $654 Million Transfer

The Ethereum Foundation has transferred $654 million in ETH to a wallet historically used for selling, triggering market speculation. Arkham Intelligence flagged the movement, noting the recipient address previously routed funds to Kraken, SharpLink Gaming, and a multisig wallet known for ETH disposals.

While the Foundation routinely allocates minor sums for developer grants and project funding—last month's $40 million R&D sale paled against today's transaction size. The timing raises questions, coming amid both price volatility and infrastructure strains on the Ethereum network.

Analysts suggest a portion could address compensation gaps for Core developers, though the Foundation's intentions remain unconfirmed. Market watchers are scrutinizing potential exchange inflows, particularly at Kraken where past Foundation sales were executed.

Institutional Accumulation of Ethereum Defies Market Downturn

Ethereum's price decline to $3,960—down 12% monthly—contrasts sharply with aggressive institutional accumulation. SharpLink Gaming expanded its treasury holdings by 19,000 ETH this week, bringing its total to 859,853 ETH ($3.5 billion valuation). The MOVE mirrors BitMine Immersion Technologies' recent purchase of 379,271 ETH ($1.5 billion), now controlling 2.5% of circulating supply.

Macroeconomic headwinds, including potential 155% US tariffs on Chinese goods, have pressured crypto markets. Yet corporate buyers appear to view the dip as a strategic entry point. Lookonchain data reveals BitMine sourced 104,336 ETH ($417M) via Kraken and BitGo-linked wallets, signaling sustained OTC demand.

Bitmine Acquires $251.6M in Ethereum Amid Market Weakness

Ether faces renewed selling pressure as the broader crypto market struggles for momentum. Altcoins are weakening across the board, sparking concerns of a potential bear market. The downturn has pushed ETH toward critical technical levels, with traders watching for signs of either consolidation or further declines.

Contrary to the bearish sentiment, on-chain data reveals Bitmine—one of Ethereum's largest holders—has made a strategic purchase of 63,539 ETH worth $251.6 million. Such substantial accumulation during drawdowns often signals where institutional players perceive value, injecting demand at a fragile moment for market psychology.

The coming days will prove decisive. If ETH establishes a higher low here, the selloff may be reinterpreted as a shakeout rather than a trend reversal. A breakdown, however, WOULD amplify bear market warnings. Ethereum now stands at an inflection point—battling skepticism while large-scale accumulation hints at unresolved potential.