September correction can return ETH to $ 3,500: analyst

Ether prices can fall another 20% of the current levels when history rhymes and the correction is deeper this month.

Now that Ethereum has led the earlier of all time in August: “I think ETH will fall back to the EMA of 21 weeks [exponential moving average]”IT Crypto founder Benjamin Cowen said Monday.

This can return ETH to around $ 3,500 before it recovers and pushes to a new all time at the end of the year.

“Many people will get angry with this idea, but this is the plan since ETH ‘went home’ in April,” he said, referring to April under $ 1500.

Now that Ethereum has run the previous highlights in August, I think ETH will fall back to its 21w EMA.

Many people will get angry with this idea, but this has been the plan since ETH went home in April (New Ath, then retreat to 21w EMA and find support). https://t.co/wlpbk3mhj3 pic.twitter.com/2AALZBSMDB

– Benjamin Cowen (@intocrptoverse) September 1, 2025

Slumptember has arrived

During the last two Bull market years there was a major correction in September. According to CoinglassSix of the last ten Septembers have seen the price drops for ETH, with the average loss of around 6%. However, ETH corrections have been much larger in the bull -market years.

In September 2017, ETH fell by 21.6% and in the same month in 2021 it lost 12.5%. The actively recovered a few months later to make a new of all time, so this month a buy-the-dip could offer a chance. The long -term prospects for Ethereum is extremely bullish now that Wall Street has started to actively embrace it.

Moreover, whales are still buying, with Arkham Intelligence report On Monday that has bought a whale with $ 5 billion in Bitcoin Net $ 1 billion in ETH and now has used everything.

‘Defi Dad’ posted Some ether ‘Moon Math’ this week, predictive that it will actively contain a much higher market capitalization than its current $ 523 billion.

“Based on its position as the most trusted and reliable World Book for Stablecoins, RWAS, Defi Native Activa and Tradfi’s standard choice for tokenization … Easy to propose that a market capitalization of $ 35 trillion or more by 2032/2034, when Eth inevitably catches up or BTC -Marketkap.”

In the meantime, Ethereum -education Anthony Sassano noted that Spot Ether ETFs and treasuries bought more than 33 times more ETH than the network was published in August.

ETH purchased in August by entity:

– ETFS: ~ 860,000 ETH
– ETH Treasury Companies: ~ 1.7 million ETH

New Netto Published ETH in August: ~ 76.709 ETH

The ETFs and treasuries bought more than 33x more ETH than in August net published by the network.

Speed ​​up!

– Sassaal.et / Act (Penal0x) August 31, 2025

ETH -Prize retreats

Despite these clearly bullish long -term perspectives, weak retail hands remain actively selling.

Ether has withdrawn today and fell from an intraday highlight of $ 4,480 to a low of $ 4,250 in late trade on Monday. ETH was restored to reach $ 4,350 during the Asian trade session on Tuesday morning, but it has printed lower highlights and lower lows last week while the downward trend continues.

There is a good chance that this will probably take place most of this month before a recovery in Q4.