Market analysts suggest that if Ethereum falls below key support levels around $4,350–$4,400, it could slide further to $4,000, but a rebound is likely if support holds.

Ethereum's price recently dipped below $4,500 after briefly reclaiming that level earlier in the week, sparking predictions of a further decline to $4,200 or even $4,000.

Fundstrat's Mark Newton forecasts a short-term correction, with ETH potentially bottoming out near $4,200–$4,220 within a day or two, setting the stage for a rally toward $5,500.

Crypto analyst Crypto Caesar predicts a rally to $8,000 by the end of Q4 and possibly $10,000 at the cycle's peak, indicating that the market is nearing the end of a late-stage accumulation phase with 6–8 months of bullish activity remaining.

Despite the short-term bearish outlook, most experts remain bullish on Ethereum's long-term prospects, citing strong fundamentals, ongoing network upgrades like Fusaka and Pectra, and increasing institutional adoption.