Ethereum drops below $3,900, reaching a two-month low, raising concerns among crypto traders. Nearly $1 billion in crypto liquidations hit the market, Ethereum taking the hardest blow. Analyst Ted Pillows warns ETH could fall to $3,500 before potentially starting a recovery. A huge crypto selloff has shaken the market again, pushing Ethereum, the second-largest cryptocurrency, down to a two-month low, trading below $3,900. This has sparked concern among traders and investors alike, as Veteran crypto analyst Ted Pillows says ETH could drop even further, possibly reaching around $3,500 before it starts to recover.