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needs a drop. quite a big one.
sellers under current range
http://backpack.tf/classifieds/search/791/6/0
3 bud seller (new) and 4 buds (4 days)
http://www.tf2outpost.com/trade/11618087
selling for 3 (claimed quicksell, new)
http://bazaar.tf/trade/248197
selling for 3.7, no offers in 3 days
http://www.tf2outpost.com/trade/11026318
2 weeks at 4, of 2 vintage bill's (under 4)
m/trade/11014499
b/o 3.5, would take 3+4 keys (so like 3.2)
http://www.tf2outpost.com/trade/11506651
3 days at 3.5
no success at 4
http://bazaar.tf/trade/43263
only offer in 7 months is stormy beak (2.8-3.3) (a week ago)
http://bazaar.tf/trade/83721
only offer newer than 4 months is eloctrostatic ze goggles, no price set, 1/1, he unboxed, not for sale
http://www.tf2outpost.com/trade/10160449
no offers in the past month
http://www.tf2outpost.com/trade/10975468
offer of 3, lvl 1 max + buds (around 3 I guess, not sure on max)
http://www.tf2outpost.com/trade/8984362
3 months unsold at 4, month old offer of 3.5
http://www.tf2outpost.com/trade/11468041
b/o 4.7
http://www.tf2outpost.com/trade/8374725
high end spreadshit, which is .....
no offers in past 2 months
http://www.tf2outpost.com/trade/8158633
only offer in 4 months is a max's
http://www.tf2outpost.com/trade/2898780
offer of beams tyrant's (8.1-9) for square + sandvich (5.3-5.8)
http://www.tf2outpost.com/trade/11414738
b/o 5, no offers in a week
unsold for a month, says "4 would be great"
http://www.tf2outpost.com/trade/7746899
5 months at 4, offer of 3
http://www.tf2outpost.co
Now not all of them are really relevant, but these are ALL sellers out there, just to show you it's rare. 3 gets offered and rejected rather often, but with several buyouts at 3.5 and a seller willing to take 3.2, I submit 3.2-3.5 (one 3.5 offer and maybe some sold's)
no serious buyers out there (some swapping low craft's, some selling an unusual) but all got no offer of a square box)
that's right, you're not used as low end because of that.
A lot of the trades are really new, and I'm not sure that setting a range on so few sales is a wise move.
On the other hand, 4 is clearly too high, and setting a low end on one seller is somewhat more feasible when there's such a small market. It's not perfect, but the voters agree and there aren't enough strong reasons to reject it.