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Ethereum under pressure: support test at USD 4,000 is imminent!
Ethereum (ETH) is testing support at $4,000 as negative funding rates and ETF outflows weigh on market sentiment.
Ethereum under pressure: support test at USD 4,000 is imminent!
Ethereum price tested the key support line of $4,000 today, October 5, 2025, and is facing significant challenges. The price is currently $4,150. Loud FXStreet Ethereum's funding rate has noticeably deteriorated in the last few days and is now showing negative values for the second time this week.
In the last 24 hours, the funding rate fell to -0.0021, which is a sign of increasing bearish sentiment among traders. Negative funding rates mean that short position holders have to pay the long positions, indicating increased hesitancy among futures traders. This development is also reflected in the ETF data: US spot Ethereum ETFs recorded net outflows of $216.7 million over a two-day period, reflecting the caution of institutional investors.
Market movements and liquidations
Furthermore reported FXStreet of $62 million in liquidations in the Ethereum futures market in the last 24 hours, with $38.9 million coming from long positions. These numbers highlight the pressure Ethereum is currently facing.
The trading pair remains below both the 20- and 50-day moving averages and is testing critical support at $4,000. If Ethereum falls below this level, it could lead to a further pullback to the 100-day moving average line at around $3,700. Still, some glimmer of hope remains: a rise above $4,500 could take Ethereum toward its August 24 all-time high resistance.
Technical indicators and market psychology
The Relative Strength Index (RSI) is currently below neutral territory and the Stochastic Oscillator is in oversold territory, indicating continued bearish momentum. This suggests that the Ethereum market may be under pressure in the near term, but there is also the possibility of a market bottom. Funding rates, liquidations and ETF activity continue to shape this complex market landscape.
Overall, Ethereum is showing a number of difficulties in the current market. Attempts to stabilize above $4,000 come against the backdrop of a worrisome overall environment and pose a challenge for investors hoping for an upside.