Why is this happening?

Price moved down after failing at resistance near $3,920. Traders who bought earlier booked profits. Technical indicators flipped to bearish on hourly charts.

Will whales stop the drop?

Possibly, yes. Brave New Coin shows large addresses adding to positions near current levels. If they keep buying, the drop could stall.

Could Ethereum bounce back toward $4,000 after this correction?

Yes, if buyers defend the $3,550 to $3,500 support range and whale accumulation continues. On chain data shows large wallets still adding exposure. If price reclaims $3,840, analysts say $4,000 to $4,200 becomes the next target block.

What if $3,550 breaks?

A break under $3,550 would likely open $3,500 and lower supports. Traders should reduce size or use stops until the structure stabilizes.

Why is Ethereum facing selling pressure near $3,550?

Because ETH failed to break heavy resistance zones above $3,900, short term traders are taking profit. Technical indicators flipped bearish, and liquidity is shifting on centralized exchanges. That is causing intensified sell volume at the current support zone.

US Stocks

Ethereum (ETH) Wave: Selling Pressure Mounts as $3,550 Support Tested

ByRubaisha November 4, 2025November 4, 2025

Ethereum saw fresh selling pressure this week, as traders pushed the price toward the $3,550 support level. The action looks technical, fast, and driven by short term sentiment. Below we break down the key levels, what the data shows, what whales are doing, and what traders should watch next.