Key Notes
Ethereum slid nearly 6% to around $4,180 after briefly testing $4,100 support.
Open Interest fell back to early-September levels while taker volume turned sharply negative.
A popular whale dumped 1,000 ETH, echoing a pattern that led to previous price surges.
Ethereum ETH $4 188 24h volatility: 6.3% Market cap: $505.35 B Vol. 24h: $44.19 B price faced sudden selling pressure on September 22, dropping from just below the $4,500 mark to intraday lows near $4,100.
At press time, ETH hovers around $4,180, down 6% in 24 hours.
The slide coincided with a steep drop in derivatives activity. Open Interest (OI) across major exchanges sank to $9.84 billion, close to its September 6 level of $9.58 billion. Historically, this is a strong support zone for l