Ethereum Could Fall Toward $3,600–$3,800 If $4,000 Fails, CoinStats Says

• ETH near $3,997 with immediate support $3,979 and resistance $4,078

• CoinStats flags higher probability of continued correction; TradingView charts show neutral intraday structure

• Potential downside zone: $3,600–$3,800 if $4,000 is not restored; data point: 0.09% 24h decline

Ethereum price: ETH at $3,997, trading between $3,979–$4,078; CoinStats signals risk toward $3,600–$3,800. Read concise technical levels and next steps.

Author: COINOTAG — Published: 2025-10-16 — Updated: 2025-10-16

What is the current Ethereum price outlook?

Ethereum price is trading around $3,997 and shows limited directional conviction on short-term charts. The market sits inside a narrow channel between support at $3,979 and resistance at $4,078, and CoinStats’ technical assessment points to a greater likelihood of further downside unless bulls push the price back above $4,000.

The 24-hour price change was a modest decline of 0.09%. Traders and analysts are focusing on the $4,000 zone as the inflection point for next directional moves.

The ongoing fall remains the more likely scenario for the crypto market, according to CoinStats.

ETH chart by CoinStats

What are the key ETH support and resistance levels?

On hourly charts, ETH is positioned mid-channel with immediate support at $3,979 and immediate resistance at $4,078. Because neither side currently dominates, short-range volatility is muted and sharp moves are unlikely within 24 hours.

Image by TradingView

On higher time frames, momentum is neutral-to-bearish. If bulls fail to reclaim and hold above the $4,000 psychological level, technical models project a corrective extension toward the $3,600–$3,800 range. This projection is based on standard support-zone analysis and recent price structure observed on TradingView charts.

Image by TradingView

From a medium-term perspective, buying pressure is not yet strong enough to challenge higher resistances. As one market-read from CoinStats summarized: “the ongoing fall remains the more likely scenario,” underscoring the need for bulls to prove strength at the $4,000 level.

If buyers cannot restore the rate above $4,000, the correction may continue to the $3,600–$3,800 range.

Image by TradingView

Ethereum is trading at $3,997 at press time.

Frequently Asked Questions

How likely is a drop to $3,600 for ETH in the near term?

Based on current technicals, a move to $3,600 requires a decisive break and close below the $3,979 support with sustained selling pressure. Timing cannot be precisely forecasted; liquidity conditions and macro drivers will determine the pace and probability of that decline.

Is Ethereum going up or down today?

Today ETH shows neutral-to-bearish bias. Price is range-bound between $3,979 and $4,078; without a firm breakout above $4,000, downside risk to $3,600–$3,800 remains more probable, according to CoinStats’ technical view.

Key Takeaways

• Short-term range: ETH trading between $3,979 (support) and $4,078 (resistance).
• Technical bias: CoinStats and chart signals point to higher chance of correction than immediate rally.
• Actionable insight: Watch for a sustained move above $4,000 for bullish confirmation; failure to hold $3,979 increases likelihood of a test of $3,600–$3,800.

Conclusion

This technical update shows the Ethereum price in a cautious phase. Market structure is neutral to slightly bearish, with CoinStats highlighting a greater probability of continued decline unless ETH reclaims $4,000. Traders should monitor the $3,979 support and $4,078 resistance for short-term entries, and follow official chart data from TradingView and CoinStats for updates. For ongoing coverage and level-based alerts, follow COINOTAG’s market updates.