Ethereum Updates Today: Ethereum Holds $3,930 as Key Support Following Drop Below $4,000
- Ethereum fell below $4,000 on Oct. 28, marking a 3.59% drop and ending a five-day rally, its largest decline since October 2025. - Traders monitor $3,930 support, with breakdowns risking a test of $3,870–$3,880, while $3,945–$4,000 remains a key technical battleground. - Long-term optimism persists as Ethereum’s CD 5 Index rebounds, but near-term stability hinges on overcoming resistance near $4,000. - Upcoming Fusaka upgrade aims to boost smart contract efficiency, potentially driving ETH demand and alt
On October 28, Ethereum's value dipped below the significant $4,000 mark, falling 3.59% to $3,984.34, as detailed in a
Experts in technical analysis point to the $3,945–$4,000 zone as a crucial area for short-term direction. Although Ethereum briefly surpassed $4,001.69 earlier in the week, renewed selling pressure limited further advances, according to CoinDesk. The asset has since been trading within a tight band between $3,930 and $3,940, with intraday movements unable to break through major resistance. If Ethereum can close above $4,000 for an extended period, it could pave the way toward $4,100 and the highs seen earlier this month. Conversely, failing to stay above $3,930 could prompt a move back to the $3,870–$3,880 range, as outlined in a
Looking further ahead, the outlook remains cautiously positive. Yahoo Finance notes that CoinDesk's 5 Index (CD 5) has bounced back from a mid-October low, with analysts maintaining that the long-term upward trend is intact as long as near-term resistance is overcome. The index climbed from 1,945.13 to 1,953.72 over the week, recovering from an intraday trough of 1,922.57 as support held between 1,920 and 1,925. On the monthly chart, Ethereum's steady push toward $4,000 highlights the need to turn the upper $3,900s into a solid base for future upward moves, according to CoinDesk.
There are also important fundamental developments on the horizon. The Ethereum network is approaching the final testnet stage for the Fusaka upgrade, designed to improve smart contract performance and lower gas fees, as reported by
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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