Ethereum Faces September Correction, Potential Drop to $3,500

Ethereum is entering September under pressure, with historical patterns pointing toward further downside before a potential year-end recovery.

After rallying to new highs in August, ETH has slipped into a correction phase. If the current trend mirrors previous bull market Septembers, Ethereum could fall back toward its 21-week EMA, around the $3,500 mark. Such a move would represent a 20% decline from current levels and align with typical “Slumptember” retracements seen in past cycles.

Despite near-term weakness, Ethereum’s long-term trajectory remains strong. Institutional adoption continues to accelerate, and whale accumulation highlights confidence in the asset’s role as the leading blockchain for DeFi, stablecoins, and tokenized real-world assets.

On the charts, ETH has been printing lower highs and lower lows, slipping from $4,480 to $4,250 before rebounding slightly to $4,350. If the correction deepens, September may bring more downside, but history suggests that Q4 could see a renewed push to fresh all-time highs.