Ethereum (CRYPTO: ETH) has dipped below the $4,000 mark, triggering massive losses for one whale trader and renewing fears about further downside.

Trader Notes: Trader CrediBULL Crypto emphasizes that a 30% drop from all-time highs isn’t alarming, citing Bitcoin’s similar 20–40% corrections during the 2017 bull run.

He stresses that structural support levels matter more than the size of the drop.

The high-timeframe impulse starts at $2,090, so a dip below the current zone would still be healthy, though a bounce would be ideal. He cautions, “Don’t start screaming “ETH is dead” again like you guys did under $2,000 just because of a dip.”

Cold Blooded Shiller pointed out that ETH has gained 280% over four months, compared to gold’s 12% upside.

He argued that routine pullbacks are normal and only weekly closes below key support should shift the bearish narrative.

Trader Mags notes that ETH is testing a critical support zone after 1,127 days of consolidation, cautioning that a daily close under $4,000 could signal a bearish trend.

Statistics: Lookonchain data highlighted an Ethereum whale that got liquidated on a 9,152 ETH, worth $36.4 million, long position as prices dropped below the $4,000 mark. This takes his total loss to more than $45.3 million.

Community News: Hashdex Asset Management and Nasdaq Global Indexes announced the expansion of the Hashdex Nasdaq Crypto Index US ETF (NCIQ) to now include spot Bitcoin, Ethereum, XRP, Solana, and Stellar.

Read Next: 

• Tom Lee’s Ethereum Bull Thesis Slammed As ‘Financially Illiterate’

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This article Ethereum Plummets Below $4,000 As Whale Trader Takes $36 Million Loss originally appeared on Benzinga.com

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