Analyst Eyes Key Support Retest Before a Rebound for Ethereum Price Amid $93M ETF Outflows and BlackRock Dump

The Ethereum price remains steady near the $3,900 level after multiple failed attempts to reclaim $4,000. The ETH price has shown resilience but faces renewed uncertainty following recent analyst insights. Market participants are closely assessing whether a retest of the $3,800 support zone could trigger a reversal. The outlook remains divided between short-term weakness and optimism surrounding a long-term Ethereum price outlook.

Ethereum price analysis suggests short-term dip could set up a $10K breakout

The Ethereum price remains steady near $3,900 after failing to sustain above $4,000. According to Ted Pillows, ETH might revisit the $3,800 region before any reversal, identifying it as a strong support zone. 

Notably, his chart outlined multiple potential recovery paths, showing that Ethereum could consolidate briefly before reclaiming higher levels. The ETH price has previously respected this zone, reinforcing its structural significance. 

Meanwhile, Ted’s short-term view aligns with a broader belief that the market is pausing before an expansion phase. This perspective ties closely with the 2025 Ethereum price forecast, which continues to project significant upside despite short-term retracements.

On the other hand, Ali Martinez envisions Ethereum climbing toward the $10,000 mark over the coming years, though not immediately. His long-term chart outlined a steady ascending trendline that could guide the ETH price toward that level by 2027. 

He believes that the $4,250 breakout remains a pivotal confirmation point for Ethereum’s next bullish phase. Additionally, Arthur Hayes echoed similar optimism during his recent Bankless podcast appearance. Hayes reaffirmed his belief that Ethereum remains far from its cycle peak, maintaining his $10,000 target. 

He dismissed current market fluctuations as mere “background noise” within a broader bullish uptrend. Together, both analysts imply that Ethereum’s long-term strength lies in patience, accumulation, and steady conviction.

Around $93M ETF Outflows and BlackRock Dump Weigh on Market Sentiment

Ethereum ETF outflows reached approximately $93 million, marking a notable reduction in institutional exposure. BlackRock alone offloaded $101 million worth of ETH, signaling reduced short-term confidence among large investors.

The massive outflows occurred as Ethereum struggled to stay above the $3,900 mark. Notably, such ETF outflows typically signal bearish sentiment, as institutions exit during consolidation phases.

Meanwhile, the broader derivatives market has yet to show renewed buying pressure. The combined impact of ETF redemptions and corporate sell-offs has slightly weakened investor morale.

However, Ethereum’s strong on-chain fundamentals could eventually offset this short-term caution. Therefore, attention now turns to whether the support near $3,800 can absorb renewed selling pressure.

Summary

The Ethereum price remains at a critical juncture, balancing between near-term weakness and structural optimism. Analysts believe that a retest of $3,800 could form a base for the next rally. BlackRock’s large-scale sell-off and ETF outflows have added caution, but long-term confidence persists. Therefore, ETH could still position itself for recovery if it successfully defends key support levels.