Finance

Ethereum Dips Below $4,000: Will $3,900 Support Hold Amidst Remittix’s $27.7M PayFi Surge?

Ethereum fell below $4,000, while Remittix raised $27.7M, as analysts remain bullish on Ethereum’s long-term prospects.

byAndres Castro

November 2, 2025, 12:17 PM

A pixelated, three-dimensional Ethereum logo floats above a futuristic, glowing pedestal. By MDL.

Executive Summary

Ethereum’s price has fallen below $4,000, consolidating around the $3,900 support level, though analysts maintain a long-term optimistic outlook, foreseeing potential targets up to $8,000 by 2025 due to strong holder accumulation and Layer-2 expansion.

PayFi initiative Remittix successfully concluded its token sales, raising over $27.7 million, and is proceeding with centralized exchange listings and the development of its Web App for crypto-to-fiat transfers.

Remittix aims to address the $19 trillion remittance market by offering instant, compliant crypto-to-bank payments, demonstrating significant growth potential and attracting over 30,000 users to its cross-border wallet beta.

The Story So Far

Ethereum’s current price consolidation below $4,000 is occurring despite a long-term optimistic outlook driven by strong holder accumulation and ongoing Layer-2 expansion, while the broader crypto ecosystem is seeing significant investment in projects like Remittix, which leverage real-world utility to address the $19 trillion remittance market through instant crypto-to-bank payments.

Why This Matters

Ethereum’s current price consolidation around a critical $3,900 support level signals potential short-term volatility, yet strong long-term holder accumulation and ongoing Layer-2 expansion maintain an optimistic outlook for its future, with analysts projecting targets up to $8,000. Concurrently, the successful $27.7 million token sale by PayFi initiative Remittix, driven by its focus on real-world utility in the remittance market, underscores significant investor confidence and demonstrates how practical applications are attracting substantial capital and user adoption within the broader crypto ecosystem.

Who Thinks What?

Traders are closely monitoring Ethereum’s $3,900 support level, anticipating either a potential fall to $3,385 if it fails or an attempt to reclaim $4,200 if it holds.

Analysts and long-term holders maintain an optimistic outlook for Ethereum, expecting a push towards $4,700 by December and an eventual ascent to $8,000 by 2025, driven by strong accumulation and Layer-2 expansion.

Remittix believes its PayFi initiative, which has successfully raised over $27.7 million, can address the $19 trillion remittance market by offering instant, compliant crypto-to-bank payments, thus demonstrating significant growth potential through real-world utility.

Ethereum’s price has recently fallen below the $4,000 threshold, entering a period of consolidation with traders closely watching the critical $3,900 support level. Concurrently, the PayFi initiative Remittix has successfully concluded its token sales, raising more than $27.7 million. This shift in market dynamics occurs as analysts largely maintain a long-term optimistic outlook for Ethereum, citing strong holder accumulation and ongoing Layer-2 expansion.

Ethereum’s Price Action and Outlook

Following a rejection at the 0.618 Fibonacci level, Ethereum’s price dropped below $4,000 and recorded a lower high on the 4-hour chart. Increased selling pressure has pushed ETH to rely on local support at $3,900, with a potential fall to $3,385 if this level fails to hold.

Conversely, a successful defense of the $3,900 mark could pave the way for another attempt to reclaim $4,200. Despite short-term weakness, long-term holders continue to accumulate ETH, evidenced by the depreciation of exchange reserves, suggesting a potential push towards $4,700 by December if momentum returns.

Analysts consider Ethereum among the top crypto projects for 2025, anticipating that continued Layer-2 expansion will drive long-term demand. The long-term price target of $8,000 is still considered achievable, albeit through a gradual ascent.

Remittix Gains Traction in PayFi Sector

Remittix, a PayFi initiative, has completed its token sales, amassing over $27.7 million by selling 681 million tokens at an average price of $0.1166. The project is proceeding with its listing plans, having secured its first two centralized exchange listings with two more reportedly in progress.

The project’s wallet beta has been active for ten days, and it has received a #1 Pre-Launch Token rating from CertiK on Skynet. Its Web App, designed to facilitate seamless crypto-to-fiat transfers and integrations, is nearing completion.

Remittix aims to address the $19 trillion remittance market by offering instant crypto-to-bank payments. The platform emphasizes compliance and trust, being fully KYC-verified by CertiK, and currently boasts over 30,000 users testing its cross-border wallet experience.

Market Dynamics and Future Potential

While Ethereum’s journey towards an $8,000 valuation may be a slow climb, projects like Remittix are demonstrating significant growth potential through real-world utility. With a focus on security, adoption, and innovation, Remittix highlights how practical applications can attract substantial investment and user engagement in the broader crypto ecosystem.