Ethereum Price Near $3,854 — Breakout or Another Sharp Drop?

Ethereum price sits around $3,854 as of 6:58 a.m. local time in Dhaka on October 11. Trading has steadied over the last 15 minutes after a volatile overnight slide. Intraday, ETH whipsawed between a high near $4,394 and a low around $3,536.

The calm comes after a tariff-driven risk sell-off that hit all crypto assets late Friday. Bitcoin also swung sharply, reinforcing broad risk aversion across digital assets. Macro headlines and forced liquidations were the dominant catalysts.

Key Levels and What the Latest 15 Minutes Say for the Ethereum Price

In the most recent 15-minute window, ETH held a tight band just below $3,900. That range-bound action follows a wide intraday path: an early spike to ~$4,394, a cascade to ~$3,536, and a rebound toward the mid-$3,800s. The short-term tape suggests consolidation as traders assess whether fresh sellers are exhausted near the $3,600–$3,700 area and whether $3,900–$4,000 caps the bounce.

Friday’s slide coincided with fresh U.S.–China trade escalation headlines that knocked risk assets globally. Ethereum fell alongside Bitcoin as traders de-risked and volatility spiked. Minutes later, derivatives markets saw a wave of liquidations that amplified the swift move, with ETH leading the downside among large-cap tokens.

Context matters beyond today’s tape. Through this week, majors have struggled to hold recent highs as the U.S. dollar firmed and sentiment cooled. Broader market notes also flagged end-week fatigue across crypto, with dip buyers turning selective.

Momentum Check and the Bigger Picture

Short term, the focus is whether ETH can reclaim and hold above $3,900, then $4,000. Failure there keeps the bias neutral-to-bearish intraday and leaves $3,700 and $3,600 as supports to watch. A sustained push back over $4,000 would hint that the rebound is gaining traction rather than a simple mean-reversion bounce.

Medium term, institutions and research desks remain split. Some strategists retain constructive year-end views driven by ETF flows and tokenization narratives; others warn that a firm dollar and macro uncertainty could cap rallies. Citi recently lifted its ether outlook even as it trimmed its bitcoin view, highlighting shifting investor flows.

Bottom line: the Ethereum price is stabilizing after a jarring overnight range. Bulls need a decisive reclaim of $3,900–$4,000 to argue for a breakout. Bears will look for a fade under $3,700 to reopen the path toward $3,600.

FYI (keeping you in the loop)-

Q1: What is the Ethereum price right now?

Around $3,854 as of 6:58 a.m. in Dhaka on October 11. Price can change quickly in live markets.

Q2: Did ETH just break out?

Not yet. The last 15 minutes show consolidation below $3,900. A clear move above $4,000 with follow-through would strengthen a breakout case.

Q3: Why did Ethereum fall overnight?

Tariff headlines spurred risk-off moves and derivatives liquidations accelerated the drop. The combination hit majors across the board.

Q4: What levels matter most today?

Resistance: $3,900–$4,000. Support: $3,700 and $3,600. Holding above the mid-$3,800s keeps the door open for a retest of $3,900+ intraday.

Q5: What are analysts saying about the bigger picture?

Views are mixed. Some desks still see favorable year-end flows into ETH, while others flag macro headwinds. Citi recently expressed a relatively constructive ether stance.

References

Reuters. (2025). Bitcoin extends decline to $104,782 as Trump escalates US-China trade war. October 10, 2025.

CoinDesk. (2025). Ether’s 7% Plunge Leads Crypto Liquidations in $600M Carnage. October 10, 2025.

Barron’s. (2025). Bitcoin, Ethereum Fall Again. Why Cryptos Are Ending the Week Lower. October 11, 2025.

CoinDesk. (2025). Ethereum (ETH) Price | ETH to USD Price and Live Chart. October 10, 2025.

Disclaimer: This article is for news and educational purposes only and is not investment advice. Cryptocurrency markets are volatile; always do your own research and consider professional guidance.