[Analyst: Ethereum May Drop to Around $4,270 to Seek Support] BlockBeats News, August 29, according to crypto analyst Lennaert Snyder, the next step for Ethereum is to first look at the $4,270 support level. If it can 'confirm' holding this level, then consider going long. If $4,270 is lost, then follow the trend and open a short position. Deeper liquidity is around $3,950, and if a reversal signal appears, that would be a noteworthy area for going long.