Overview

• ETH trades near $4,000 after a roughly 10% weekly slide, with the RSI at its most oversold since April and the $3,800–$3,900 zone holding so far.
• On-chain data shows 16 large wallets accumulated 431,018 ETH (about $1.73 billion) from major venues between September 25 and 27.
• Exchange balances have fallen to roughly 14.8 million ETH, a nine-year low, with weekly exchange outflows around $3.08 billion reinforcing a tighter tradable float.
• Analysts flag dense liquidation pockets around $3,700–$3,800, while on-chain support clusters sit near $3,515, $3,020, and $2,772.
• A staking withdrawal queue of about 2.15 million ETH with an average 37‑day exit time signals delayed supply that could reach the market in coming weeks.