Ethereum’s fall below $4,400 has rattled traders, but as with past market slides, the picture is more layered than a simple dip. Just as we’ve seen during previous staking unlocks and major token unlock events, the 1 million $ETH (-0,15%) queued for withdrawal is fueling speculation—will it trigger sell pressure or just signal portfolio adjustments? Meanwhile, institutions are quietly building. With 92 crypto ETPs in the pipeline, American Bitcoin preparing for a Nasdaq listing, and Robinhood expanding with TON spot trading, the contrast feels familiar: near-term weakness shadowed by longer-term structural adoption, much like the cycle seen after the 2022 selloff when institutions kept accumulating despite falling prices.
Seasonality, though, adds another layer. Since 2013, $BTC (+0,11%) has typically stumbled in September with an average 3.77% decline, echoing patterns seen in equities during “September effect” selloffs. Now, with ETH leading majors lower, ETF inflows favoring BTC, and today’s PCE inflation data in focus, the market feels caught between caution and conviction. History reminds us that these moments often precede shifts in sentiment. The real question isn’t just why we’re seeing red candles—but whether this repeat of old patterns sets the stage for the next leg up.
Is this another déjà vu dip to fear, or an opportunity to prepare for the rebound?
