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As the crypto market recovers from the end-of-September correction, Ethereum (ETH) is attempting to reclaim the crucial $4,200 area. Some analysts affirmed that the altcoin’s bounce signals that a new leg up could be coming in the next few weeks. Related Reading: XRP Price May Not See An Explosive Rally In October As Expected, Here’s Why Ethereum Reclaims $4,000 On Monday, Ethereum continued to recover from the recent market pullback, surging nearly 6% from Sunday’s Lows toward a crucial barrier. Last week, the King of Altcoins recorded a sharp drop below the $4,000 level for the first time since early August, recording an eight-week low of $3,815 on Thursday afternoon. Over the weekend, the cryptocurrency reclaimed the $4,000 barrier before surging to the crucial $4,100 mark on Sunday afternoon. This level served as a strong resistance throughout the past two years, as it represents the cycle’s previous high and a key bounce area during the Q3 rally. It also marks the lower boundary of its local $4,100-$4,800 range. Market Watcher Daan Crypto Trades noted that the weekly candle on ETH’s chart closed above this level after “a solid effort by the bulls and a late Sunday push.” He added that it remains important to hold this area on the higher timeframes to target the range highs. In the daily timeframe, the trader considers Ethereum has “not the worst look” as the recent reclaim shows a clear invalidation of the range breakdown and a potential recovery continuation. Daan also suggested that the cryptocurrency could be “taking one out of BTC’s playbook,” and be preparing for a massive new leg up following the range consolidation and deviation. Similarly, Bluntz affirmed that ETH’s wave 4 on the daily timeframe “looks like it’s over with a leg higher into ath yet to come.” However, the analyst considers that the next all-time high (ATH) breakout won’t be as “sensational” as many believe, suggesting the $5,500 area as the main target. ETH’s Next Leg Up Two Weeks Away? Multiple market watchers highlighted a potential Power of Three (Po3) setup on Ethereum’s chart, signaling that the recent pullback was part of the second stage, manipulation, and the cryptocurrency is ready for the third phase, expansion. Meanwhile, Merlijn the Trader affirmed that Ethereum is displaying a similar setup that preceded the May and July rallies. At the time, ETH broke down from its local range during a liquidity grab, sending the Relative Strength Index (RSI) indicator to oversold territory. “This is the exact setup that birthed every violent reversal. Strong hands know it. Weak hands fold,” the trader affirmed. Additionally, he noted that the cryptocurrency could be repeating the late Q2 script’s timeline. Per the post, Ethereum saw a 66-day consolidation between the May breakout and the next pump in July. During this period, the second-largest cryptocurrency saw a price fakeout below the range around the 45-day mark before breaking out 20 days later. Related Reading: Bitcoin Could Go To Zero, Hedge Fund CEO Warns Last week’s correction below the local range occurred 46 days into the accumulation period, suggesting that a new breakout and leg up could come in the first half of October. “We’re at day 51. The longer the squeeze… The harder the detonation,” Merlijn stated. Nonetheless, analyst Ted Pillows added that for more upside, ETH must recover the $4,250 area, where a strong sell wall is located, until the $4,320 level. If it fails to reclaim this area, the cryptocurrency risks retesting he $3,600-$3,800 support once again. As of this writing, Ethereum is trading at $4,172, a 3.5% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Ethereum price started a recovery wave above $4,150. ETH is now consolidating and might aim for more gains if it clears the $4,220 resistance. Ethereum remained stable above $4,020 and started a recovery wave. The price is trading above $4,150 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $4,100 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it settles above $4,220 and $4,250. Ethereum Price Eyes More Gains Ethereum price remained supported above the $4,020 level and started a recovery wave, like Bitcoin. ETH price was able to recover above the $4,050 and $4,120 resistance levels. There was a clear move above the 61.8% Fib retracement level of the downward wave from the $4,275 swing high to the $3,826 low. The bulls even pushed the price above $4,200. Besides, there is a connecting bullish trend line forming with support at $4,100 on the hourly chart of ETH/USD. Ethereum price is now trading above $4,150 and the 100-hourly Simple Moving Average. It is also above the 76.4% Fib retracement level of the downward wave from the $4,275 swing high to the $3,826 low. On the upside, the price could face resistance near the $4,220 level. The next key resistance is near the $4,250 level. The first major resistance is near the $4,275 level. A clear move above the $4,275 resistance might send the price toward the $4,320 resistance. An upside break above the $4,320 region might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,450 resistance zone or even $4,500 in the near term. Pullback In ETH? If Ethereum fails to clear the $4,250 resistance, it could start a fresh decline. Initial support on the downside is near the $4,150 level. The first major support sits near the $4,100 zone and the trend line. A clear move below the $4,100 support might push the price toward the $4,050 support. Any more losses might send the price toward the $4,000 region in the near term. The next key support sits at $3,880. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $4,100 Major Resistance Level – $4,250

Ethereum had a relatively quiet weekend, with price action showing signs of stability after last week’s volatility. ETH has reclaimed the $4,100 level, and analysts now point to the $4,000 mark as a crucial line of defense. If bulls manage to hold above this support, the market could see a strong surge in the coming days, setting the stage for Ethereum to retest higher levels. Related Reading: Ethereum OI Suffers Its Biggest Cleanup Since Early 2024 – Details Adding weight to this outlook, a key report by CryptoQuant highlights that Ethereum supply on spot exchanges continues to decline. This trend often signals that investors are withdrawing ETH to self-custody or staking, reducing available sell-side liquidity on exchanges. Historically, such declines in exchange reserves have paved the way for rallies, as demand eventually absorbs the reduced supply. However, while the data is supportive, analysts caution that the real catalyst remains demand. Without strong inflows of new buyers, supply-side reductions alone may not be enough to push ETH significantly higher. The coming days will therefore be critical, with Ethereum’s ability to hold above $4,000 serving as a key indicator of whether the next leg of the rally is ready to unfold. Ethereum Outflows Point to Long-Term Bullish Setup According to the CryptoQuant report, recent Ethereum outflows from spot exchanges are largely tied to new buys, where investors purchase ETH and immediately move it into self-custody or staking. This behavior reduces sell-side liquidity and, over time, can create the foundation for price appreciation. Looking at past cycles, clear patterns emerge: Network Congestion & UNI Airdrops: During this phase, high gas fees and strong macro tailwinds fueled demand. Outflows accelerated, leading to a robust bull run as liquidity tightened. Late Bear Phase & FTX Collapse: At the peak of quantitative tightening (QT), the FTX crisis sparked a bank run, with older coins leaving exchanges. Despite fear, improving macro conditions soon restored demand, driving ETH higher. We see the same trend today: reserves are falling, yet prices remain flat as selling offsets new buying. Historically, once demand strengthens, these periods lead to rallies. Importantly, this is not a supply shock in the strict financial sense. Instead, it reflects reduced exchange reserves and lower sell-side pressure. The question is whether demand will accelerate. If rate cuts, slower QT, and rising global liquidity continue, ETH could be primed for a strong long-term move. In the meantime, price volatility is expected. If ETH dips below the accumulating whales’ realized price, it may offer a buying opportunity, just as it has in past cycles. This dynamic shows investor trust in Ethereum and reinforces the view that falling reserves prepare the ground for the next rally. Related Reading: MrBeast Enters The Aster Game: $1M Buy Signals Growing Interest Price Action Details: Relief Rally Or Recovery? Ethereum (ETH) is attempting to stabilize after its sharp drop below the $4,000 level, with the latest chart showing a modest recovery to around $4,131. The bounce comes after ETH briefly tested lows near $3,900, suggesting that buyers are stepping in to defend this critical support area. On the 8-hour chart, ETH has reclaimed the 200-day EMA (red line), which is now acting as a short-term pivot point. However, the 50-day (blue) and 100-day (green) moving averages remain above the current price, creating overhead resistance between $4,250 and $4,400. A clean break and consolidation above these levels will be necessary for bulls to regain momentum and target higher ranges toward $4,600. Related Reading: 11 Wallets Receive 295,861 Ethereum ($1.19B) From Major Institutions: Accumulation Or OTC Shuffle? For now, ETH’s structure is fragile. The recent rejection from $4,600 and the subsequent breakdown highlight the intensity of selling pressure. Still, the rebound from sub-$4,000 levels signals that demand remains strong, particularly from accumulation wallets and whales, which have been absorbing supply. If ETH holds above $4,000 and pushes through $4,250, the market could enter a recovery phase. Conversely, failure to maintain this rebound may expose ETH to a retest of $3,800 or even lower support zones. The coming sessions will be critical in defining ETH’s short-term trend. Featured image from Dall-E, chart from TradingView

Ethereum price started a recovery wave above $4,050. ETH is now consolidating and might aim for more gains if it clears the $4,170 resistance. Ethereum remained stable above $3,820 and started a recovery wave. The price is trading above $4,050 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $4,000 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it settles above $4,170 and $4,200. Ethereum Price Recovers Ethereum price remained supported above the $3,820 level and started a recovery wave, like Bitcoin. ETH price was able to recover above the $3,880 and $4,000 resistance levels. There was a clear move above the 50% Fib retracement level of the downward wave from the $4,275 swing high to the $3,826 low. Besides, there was a break above a key bearish trend line with resistance at $4,000 on the hourly chart of ETH/USD. Ethereum price is now trading above $4,050 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $4,150 level. The next key resistance is near the $4,170 level or the 76.4% Fib retracement level of the downward wave from the $4,275 swing high to the $3,826 low. The first major resistance is near the $4,200 level. A clear move above the $4,200 resistance might send the price toward the $4,250 resistance. An upside break above the $4,250 region might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,320 resistance zone or even $4,350 in the near term. Another Decline In ETH? If Ethereum fails to clear the $4,200 resistance, it could start a fresh decline. Initial support on the downside is near the $4,050 level. The first major support sits near the $4,000 zone. A clear move below the $4,000 support might push the price toward the $3,920 support. Any more losses might send the price toward the $3,880 region in the near term. The next key support sits at $3,820. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $4,050 Major Resistance Level – $4,200

The Ethereum price has been one of the best performers in the cryptocurrency market in the third quarter, reaching a new all-time high at the end of August. However, the second-largest cryptocurrency has struggled to build on this record-setting momentum in September. With September and the third quarter of 2025 almost done, the Ethereum price appears to be struggling to reclaim the psychological $4,000 support level. Below are the critical support levels to watch for should a deeper correction occur, according to the latest on-chain data. Is $3,500 The Next Stop For ETH Price? In a September 27 post on the X platform, popular crypto analyst Ali Martinez identified three major support levels to watch if the Ethereum price further declines over the next few weeks. This on-chain observation revolves around the UTXO Realized Price Distribution (URPD) metric, which estimates the amount of a specific cryptocurrency acquired at a certain price level. Related Reading: Bitcoin Fear & Greed Index Crashes To Lowest Level Since March – Why This Is Good News This indicator looks at a price level’s capacity to act as an on-chain support or resistance zone, which typically depends on the number of investors with their cost basis at the given level. An investor’s cost basis refers to the original price at which they bought a crypto asset (Ether, in this scenario). Based on the cost basis theory, major support zones are often around price levels—with significant buying activity—below the current spot value. Having purchased their assets at these prices, several investors tend to double down and purchase more assets when the price returns to their cost basis, thereby keeping the prices afloat. According to data highlighted by Martinez, the next major support levels for the Ethereum price lie around $3,515, $3,020, and $2,772. As observed in the chart below, if the price of ETH doesn’t have a sustained close above $4,000, its next immediate support cushion is around $,3,515, where nearly 1.39 billion coins were purchased.   In a case where the “king of altcoins” fails to stop bleeding, the UTXO Realized Price Distribution metric shows that the next major support is at $3,020, where almost 2.65 billion coins were bought. Now, the last significant support for the Ethereum price lies around $2,772, which is the cost basis of more than 2.64 billion Ether tokens. Ethereum Price At A Glance As of this writing, the price of ETH stands at around $3,994, reflecting no significant movement in the past 24 hours. While the largest altcoin by market cap seems to be hanging on to the major $4,000 level, its performance over the past week is still quite worrying. According to data from CoinGecko, the Ethereum price is down by more than 10% in the last seven days. Related Reading: XRP Price Is ‘Firing On All Cylinders’ As Super Rare Bullish Setup Emerges Featured image from Shutterstock, chart from TradingView

Last week, Ethereum (ETH) prices fell below $4,000 amidst a general crypto market onslaught marked by heavy liquidations. However, the prominent altcoin soon made a quick bounce off the $3,800 price region and has since slipped into consolidation. Notably, popular crypto analyst Lark Davis is tipping Ethereum to make a euphoric market rebound with a potential all-time high on the cards. Related Reading: Ethereum Supply On Exchanges Shrinks: Multi-Year Lows Signal Bullish Setup Ethereum RSI Flashes Bullish Signal After Fall Into Deep Oversold Zone The Relative Strength Index (RSI) is a technical analysis indicator that measures the speed and magnitude of price movements. It is generally used to identify when an asset is overbought, i.e., an overheated market, or oversold, i.e., potentially undervalued and could attract heavy accumulation activity. According to Lark Davis, Ethereum’s price has crashed by over 20% in the past two weeks. Notably, this price loss has pushed the asset’s RSI into its most oversold zone since April lows. When this previously occurred, Ethereum popularly surged by 134% in the following two months. The altcoin now finds itself in a similar situation, with its RSI touching around 39.95. With expectations that the crypto market will turn bullish in Q4, Davis explains that this rare RSI signal could trigger a parabolic Ethereum price surge. In a separate post, fellow market expert Michaël van de Poppe shared some insights into this market behavior, highlighting that September has been a historically bad month for Ethereum, alongside the general market. However, market data also shows that Q4 and Q1 are traditionally bullish. If Ethereum maintains this behaviour, Lark Davis is postulating the altcoin will experience a possible rally to $7,000-$8,000, indicating a potential 100% price gain from current market levels. Related Reading: 8 Years In Hiding—Now $3 Billion In Ether Comes Alive Ethereum Price Overview At the time of writing, Ethereum is trading at $4,006, reflecting price losses of 0.32% and 10.7% in the past one and seven days, respectively. Meanwhile, the asset’s trading volume has crashed by 57.49% and is now valued at $21.66 billion. Looking to the next month, Ethereum is likely to maintain its current rebound as Q4 begins. Interestingly, the altcoin has recorded an average monthly return of 6.94% and a median monthly return of 1.94% in October, indicating strong potential for market growth. However, Lark Davis has identified an important support level around the $3,800-$3,900. The analyst warns that Ethereum bulls must maintain this price floor to preserve their current bullish structure. Meanwhile, with a market cap of $483.26 billion, Ethereum continues to rank as the second-largest cryptocurrency. Featured image from Flickr, chart from Tradingview

As Ethereum (ETH) fell below $4,000 for the first time since August 8, amid a market-wide pullback, the exchange reserves of the cryptocurrency also recorded a sharp decline. Notably, leading crypto exchanges like Binance and Coinbase Advanced witnessed a sharp increase in ETH outflows. Ethereum Reserves On Binance, Coinbase Advanced Dwindle According to a CryptoQuant Quicktake post by contributor CryptoOnchain, Ethereum outflows across all leading crypto exchanges have surged. In August-September 2025, the 50-day Simple Moving Average (SMA) netflow fell below -40,000 ETH per day, the lowest level since February 2023. Related Reading: Ethereum Close To Local Bottom? Analyst Flags Drop In Binance Open Interest The 50-day SMA dropping below -40,000 ETH per day signified reduced spot market supply and potential upward price pressure. The analyst shared the following chart to explain this dynamic. Meanwhile, data from Binance crypto exchange shows netflow fluctuations over the past two years, oscillating between positive and negative values. However, a clear move towards heavy outflows has emerged in recent months.  The following chart shows how the 50-day SMA has reached its lowest level in two years on Binance. This indicates diminished liquid holdings on Binance, in line with the broader market trend. A similar trend can be observed on Coinbase Advanced, a top crypto trading platform that primarily serves institutional investors and US-based clients. Here, the 50-day SMA has dropped to around -20,000 to -25,000 ETH, recording the lowest level ever for this exchange. The CryptoQuant contributor noted that the significant decline on Coinbase Advanced since early summer 2025 indicates large-scale asset transfers. Presumably, these are done by institutional investors into cold wallets or non-custodial platforms. CryptoOnchain concluded by saying that the combination of multi-year lows at Binance, coupled with all-time lows at Coinbase Advanced, signals a structural, market-wide trend of ETH withdrawals from exchanges. They added: This kind of liquidity drain typically reduces immediate supply and sets the stage for potential medium‑term bullish moves – provided demand in the market rises. ETH Whales Preparing For Another Rally? Although ETH’s momentum has turned bearish over the past few weeks, on-chain data reveals that ETH whales – wallets with significant ETH holdings – are quietly accumulating the digital asset ahead of another potential rally. Related Reading: Ethereum On-Chain Bloodbath: Rugs And Scams Erode Retail Confidence, What To Know Most recently, crypto analyst Darkfost highlighted that ETH accumulator addresses are rising at an unprecedented rate. Notably, close to 400,000 ETH was added to these specialized wallets on September 24. ETH whales accumulating the digital asset despite its subpar price performance over the past few weeks is not surprising, as bullish macroeconomic prospects point toward a potential upcoming rally for the cryptocurrency. At press time, ETH trades at $3,900, down 2.8% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com

Ethereum finds itself at a crossroads after tapping the $3,800 liquidity level and bouncing back, only to stall below the key $4,060 region. With momentum hanging in the balance, traders are questioning whether this pause is simply a fakeout before a recovery or the start of a deeper move toward the $3,600 support level. Struggling Below $4,060: Key Support Yet To Be Reclaimed Ted, a well-followed crypto analyst, recently shared his insights on Ethereum’s latest price action in a post on X. According to the expert, ETH successfully tapped into the $3,800 liquidity level, a move he had anticipated. This level acted as a key zone where buyers stepped in, providing the much-needed bounce for Ethereum after a short-term decline. Related Reading: Wedge Breakout Or False Alarm? Ethereum Faces Its Biggest Support Test Yet Following this bounce, Ethereum managed to recover some ground. However, Ted pointed out that the asset is still struggling to reclaim the $4,060 support region. This level has now become a crucial barrier for ETH, and its inability to hold above it leaves the market in a vulnerable position. The analyst explained that if Ethereum successfully flips the $4,060 level back into support, the market could see a fresh rally develop. Such a move attracts renewed bullish momentum, fueling optimism for a stronger push higher in the near term. On the other hand, Ted cautioned that failing to reclaim this zone increases the risk of further downside. In such a case, Ethereum could see its price tumble back toward the $3,600 level, which stands as the next critical support area.  Fakeout Or Freefall? Ethereum Bulls Cling To Their Last Hope According to Andrew Crypto, in a recent update posted on X, the technical outlook across the crypto market isn’t painting a bullish picture. Andrew highlighted that both BTC and ETH have broken down through key support levels, which increases the likelihood of further declines in the short term. Such breakdowns often suggest that buyers are losing strength, leaving room for sellers to dictate market direction. Related Reading: Ethereum Price Recovery Strong – Major Resistance Test Coming Next While acknowledging that the current setup may not be pleasant for traders, Andrew pointed out that this weakness could present a significant opportunity for long-term investors, offering attractive entry points before the next major market cycle takes shape. However, he also left room for cautious optimism. The only possible bullish scenario at this stage, Andrew explained, is if the current move proves to be a fakeout. In that case, a strong rebound could follow, flipping market sentiment back in favor of the bulls. Featured image from iStock, chart from Tradingview.com

Ethereum has fallen below the $4,000 level for the first time since early August, marking a significant shift in market sentiment. After weeks of strong performance, ETH has now lost nearly 20% of its value since September 13, leaving many traders concerned about the next move. The broader market correction has fueled uncertainty, but some analysts argue this is a necessary reset that could prepare the ground for renewed growth. Related Reading: 11 Wallets Receive 295,861 Ethereum ($1.19B) From Major Institutions: Accumulation Or OTC Shuffle? Top analyst Darkfost highlights that Ethereum’s Open Interest is experiencing one of its biggest resets. He notes that after an extended period of bullish momentum, excess leverage has been punished, leading to a sharp contraction in positions. This decline is especially visible on Binance, where much of the recent ETH trading activity has taken place. While the drop in price and sentiment appears negative, analysts see potential positives in this reset. Lower Open Interest often reduces the risk of cascading liquidations and allows the market to stabilize. For Ethereum, this moment may serve as a critical test of its ability to hold strong levels of support and set the stage for its next move once bullish momentum returns. Ethereum’s Open Interest Reset Marks a Turning Point Darkfost explains that the recent shift in Ethereum’s Open Interest is not only significant but also one of the sharpest resets observed since the start of 2024. Historically, such resets follow periods where excessive leverage pushes Open Interest to unsustainable levels, as was the case for ETH in recent weeks. The cryptocurrency had been attracting a large share of market attention, fueled by ETF enthusiasm and strong accumulation patterns, which left it vulnerable to sharp liquidations. Once liquidations accumulate and Open Interest falls, the immediate selling pressure often begins to ease. This tends to create conditions where the market can stabilize and, in some cases, prepare for recovery. The dynamic can be seen as a “cleansing” effect, flushing out overextended traders and restoring balance to the market structure. In detail, Binance recorded the steepest monthly average decline, with more than $3 billion in Open Interest wiped out on September 23rd, followed by another $1 billion yesterday. Bybit also faced a reduction of $1.2 billion, while OKX dropped around $580 million. These figures underscore the scale of the reset across major derivatives platforms. This contraction reflects a broader market reset, unwinding an environment that had become dangerously over-leveraged. For Ethereum, it may mark the beginning of a healthier phase, where reduced speculative pressure allows organic demand and fundamentals to play a stronger role in shaping the next trend. Related Reading: Ethereum Accumulator Addresses Inflows Explode: 400K ETH Added In 24H Despite Selloff Price Action Insights: Testing Critical Levels Ethereum (ETH) is trading near $3,939, marking a sharp decline of over 5% in the latest session and extending its correction since the early September peak above $4,700. This drop has brought ETH below the key $4,000 psychological level for the first time since August, signaling rising selling pressure. The chart shows ETH breaking down after forming a double top pattern around the $4,700–$4,800 range, a classic bearish signal that suggested exhaustion of upward momentum. The rejection from this zone has now pushed ETH closer to its 50-day moving average (blue), which previously acted as strong support during the rally. A decisive close below this line could open the door to a deeper retrace toward the 200-day moving average (red), now positioned near $3,100–$3,200. Related Reading: ASTER Pushes To New All-Time High As Bullish Structure Supports Continuation – Details Despite the current weakness, ETH remains in a broader uptrend when viewed from the July low near $2,200. That rebound established a strong bullish structure, and as long as ETH holds above the $3,500–$3,600 region, the long-term outlook remains constructive. For now, bulls must reclaim $4,200 to regain momentum, while failure to hold current levels may accelerate selling pressure and test deeper supports in the coming sessions. Featured image from Dall-E, chart from TradingView

Ethereum price started a fresh decline below $4,050. ETH is now struggling and might decline further if it breaks the $3,850 support zone. Ethereum failed to extend gains and declined below the $4,000 zone. The price is trading below $4,050 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $4,050 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below $3,880 and $3,850. Ethereum Price Dips Further Ethereum price remained in a bearish zone after it settled below $4,250, like Bitcoin. ETH price declined below the $4,120 and $4,050 support levels. The bears even pushed the price below $4,000. A low was formed at $3,826 and the price recently started a minor recovery wave. There was a move above the 23.6% Fib retracement level of the downward wave from the $4,275 swing high to the $3,826 low. However, the bears remained active near the $3,950 resistance zone. Ethereum price is now trading below $4,000 and the 100-hourly Simple Moving Average. Besides, there is a key bearish trend line forming with resistance at $4,050 on the hourly chart of ETH/USD. On the upside, the price could face resistance near the $4,000 level. The next key resistance is near the $4,050 level or the 50% Fib retracement level of the downward wave from the $4,275 swing high to the $3,826 low. The first major resistance is near the $4,120 level. A clear move above the $4,120 resistance might send the price toward the $4,150 resistance and the trend line. An upside break above the $4,250 region might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,320 resistance zone or even $4,350 in the near term. More Losses In ETH? If Ethereum fails to clear the $4,050 resistance, it could start a fresh decline. Initial support on the downside is near the $3,880 level. The first major support sits near the $3,820 zone. A clear move below the $3,820 support might push the price toward the $3,750 support. Any more losses might send the price toward the $3,720 region in the near term. The next key support sits at $3,650. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,820 Major Resistance Level – $4,050

Earlier today, Ethereum (ETH) slid below the psychologically important $4,000 level for the first time since August 8. The fall in ETH’s price can be attributed to a mix of macroeconomic, structural, and crypto-specific factors. Ethereum Dips Below $4,000, Analyst Explains Why According to a CryptoQuant Quicktake post by contributor Arab Chain, ETH’s latest descent below $4,000 can be blamed on a complex mix of factors. First, a strong US dollar, coupled with the Federal Reserve’s (Fed) cautious stance following its September rate cut, dampened risk appetite. Related Reading: Ethereum Close To Local Bottom? Analyst Flags Drop In Binance Open Interest Furthermore, rising bond yields and the increasing risk of a US government shutdown have spooked investors, discouraging them from investing in risk-on assets, including cryptocurrencies like ETH. Second, the analyst points to the role of leverage in ETH’s latest dip. On September 22, more than $500 million in ETH longs were wiped out within 24 hours, resulting in the unwinding of high leverage that was building up in Q2 2025. During the sell-off, ETH whales faced close to $45 million in forced sales. In addition, low weekend trading volume and shallow order books enhanced ETH’s price swings. Notably, institutional investors turned to OTC redemptions, following the Fed meeting to reduce their exposure to ETH. From a technical perspective, ETH failed to decisively break through the stiff resistance near $4,500 – $4,600. Failure to defend the $4,200 support worsened things for ETH, turning the momentum sharply bearish. The fifth reason was regulatory headwinds surrounding digital assets, especially the uncertainty around MiCA in the EU and US crypto legislation. ETH exchange-traded fund (ETF) outflows worth $76 million weighed on investor sentiment. Finally, a surge in validator exit queues and reduced staking inflows weakened natural buy-side support. Other factors, such as seasonal weakness and Bitcoin’s (BTC) rising dominance in the market, contributed to ETH’s sell-off. Arab Chain concluded: While this correction reflects structural positioning and macro forces rather than a broken thesis, volatility may persist until liquidity returns and regulatory clarity improves. Will ETH Stage A Recovery? While the momentum is against ETH currently, some analysts are optimistic about a turnaround in ETH’s fortunes in the coming months. For instance, ETH’s CME futures open interest is inching closer to new highs, setting a new potential target for ETH of $6,800 by the end of 2025. Related Reading: Ethereum Rally Stalls As Spot And Perpetual Volumes Flatten On Binance Similarly, the surge in ETH contracts throughout the year has some analysts convinced that the digital asset may soon embark on a rally to $5,000. ETH’s illiquid supply could further propel it to new highs. In his latest analysis, crypto commentator Ted Pillows predicted that the increase in global M2 money supply could pave the way for $20,000 ETH. At press time, ETH trades at $3,959, down 3.6% in the past 24 hours. Featured image from Unsplash, chart and TradingView.com

The on-chain ecosystem of Ethereum has recently been rocked by a wave of scams and rug pulls, creating a period that many are describing as a bloodbath. While the underlying technology of the ETH blockchain remains robust and secure, the sheer volume of malicious projects and deceptive schemes is taking a significant toll on retail investor confidence. Is Ethereum Still The Home Of DeFi Innovation? The Ethereum on-chain ecosystem has been plagued by scams and rug pulls, resulting in significant financial losses and, more importantly, a decline in retail investor confidence. Analyst known as Fat Tony on X  has expressed deep frustration that BOOE hasn’t gotten more support from Ethereum’s own community, possibly due to the wave of malicious acts on the ETH ecosystem. Related Reading: Bitcoin Weakness Vs. Ethereum Strength: On-Chain Data Reveals Divergence He highlighted the Book of Ethereum (BOOE) as an exemplary project that embodies what ETH is supposed to stand for and distinguishes itself through several key characteristics. No Paid KOLs as the project has not relied on paid crypto influencers for promotion, which is a common tactic used by fraudulent projects to pump their tokens.  With a resilient community, BOOE has built its foundation on a strong and organic community, a sign of a project with genuine, grassroots support. A generous team, which he praises for its generosity and ethical approach, stands in stark contrast to the greed of scam artists. Furthermore, Tony notes that numerous high-profile ETH founders and accounts are interacting with the project, which, in his view, is becoming expected at this point. Thus, he encourages the ETH community to support BOOE, which actually stands for something, and to move away from a speculative mindset of max extraction with zero vision. How The ETH Ecosystem Must Fight Back While scams and rug pulls are eroding retail confidence, investor Sassal0x, founder of Thedailygwei, has also revealed a scathing critique of Ethereum’s competitor chains, accusing them of engaging in a desperate strategy of lawfare to stifle the growth of ETH’s Layer 2 solutions. In his view, this is not a sign of strength but a clear admission of weakness. Related Reading: Ethereum At The Core: Where Every Major Crypto Trend Converges According to Sassal0x, the overwhelming adoption of ETH L2s demonstrates their superiority in the free market, a reality that has left competitors with no viable path to challenge ETH’s dominance. The analyst notes that this new, underhanded strategy comes after a long period of failed FUD (fear, uncertainty, and doubt) campaigns. Since misinformation has proven ineffective in slowing down L2 growth, competitors are now resorting to using nation-state governments to kill their competition. As a result, Sassal0x concludes with a powerful call to action for the Ethereum community. Instead of being complacent, the ETH ecosystem must fight back against this as much as we can. Featured image from Adobe Stock, chart from Tradingview.com

Ethereum is struggling to defend the $4,000 level after losing more than 11% of its value since Monday. The sharp decline highlights how quickly sentiment has shifted, with bulls losing control of momentum and sellers stepping in to capitalize. This pullback comes after weeks of upward pressure that had pushed ETH toward multi-month highs, but the latest selloff suggests the market has entered a corrective phase. Related Reading: ASTER Pushes To New All-Time High As Bullish Structure Supports Continuation – Details Despite this, not all analysts are pessimistic. Some see the move as a healthy consolidation rather than the beginning of a deeper downturn, arguing that Ethereum is simply digesting its prior gains before attempting another push higher. The key question is whether ETH can hold above the $4,000 mark, a level that now represents a psychological and technical battleground for traders. Adding intrigue to the situation, Lookonchain reports that major institutions and liquidity providers, including Kraken, Galaxy Digital OTC, BitGo, and FalconX, have been sending massive amounts of ETH into a limited set of wallets. This unusual flow pattern has sparked speculation, with some suggesting these addresses may be linked to accumulation strategies or ETF-related demand. Ethereum Accumulation By Big Players According to Lookonchain, 11 wallets collectively received 295,861 ETH—valued at approximately $1.19 billion—from major institutions and service providers, including Kraken, Galaxy Digital OTC, BitGo, and FalconX. This large-scale transfer comes at a time when Ethereum is under intense pressure, trading just above the $4,000 mark after a sharp correction earlier in the week. While the broader market is struggling with volatility and fading momentum, these flows suggest that big players are positioning for the coming months. The scale and concentration of these transfers indicate strategic accumulation rather than short-term speculation. Such wallets are often linked to entities that manage liquidity for institutional products, or in some cases, to accumulation addresses associated with long-term holders. This behavior adds another layer to Ethereum’s current narrative. Despite price weakness, deep-pocketed buyers appear willing to absorb supply, signaling confidence in Ethereum’s medium- to long-term prospects. Analysts argue that this type of activity often precedes a stabilization period, followed by a potential recovery once selling pressure eases. For now, the spotlight is on whether Ethereum can defend the $4,000 support. If bulls manage to hold the line, this accumulation trend could provide the foundation for the next leg higher once market sentiment improves. Related Reading: Bitcoin LTH Selling Pressure Builds: 6–12M Coins Keep Flowing Onto The Market Testing Critical Demand Level Ethereum’s price action has entered a fragile stage as the chart shows ETH struggling to maintain the $4,000 level after a sharp decline. The 4-hour candles highlight a significant breakdown from the $4,200 zone, with the price currently hovering just above $4,030. This decline reflects the heavy selling pressure weighing on the market, consistent with ETH’s recent 11% drop since Monday. The moving averages illustrate the bearish shift clearly. ETH is trading below both the 50 EMA and the 200 EMA, signaling short-term momentum loss and potential for extended downside if bulls fail to reclaim these levels quickly. The steep rejection from $4,600 earlier in September now appears to be a local top, with successive lower highs confirming weakening momentum. Related Reading: Bitcoin Net Liquidations Stay Negative Near $40M: Analyst Warns Downside Still In Play On the downside, $4,000 serves as a psychological support, but a decisive break below this level could expose ETH to deeper retracements toward $3,800. On the flip side, a rebound above the EMAs would be a critical bullish signal, suggesting renewed demand. Featured image from Dall-E, chart from TradingView

Ethereum is under pressure after sliding below the $4,200 level, with price now testing the $4,000 support zone. The market is watching closely, as a breakdown here could expose ETH to deeper corrections, while a strong defense may open the door for a rebound. Despite the selling pressure, on-chain signals reveal a strikingly different picture beneath the surface. Related Reading: Bitcoin LTH Selling Pressure Builds: 6–12M Coins Keep Flowing Onto The Market Top analyst Darkfost shared data showing that ETH inflows into accumulator addresses are exploding, signaling long-term conviction even as short-term sentiment wavers. Just yesterday, nearly 400,000 ETH were added to these specialized wallets. More notably, on September 18th, Ethereum saw a historic first when 1.2 million ETH were accumulated in a single day — a record for the network. Accumulator addresses are unique in that they only buy ETH and never sell, making them a reliable proxy for long-term holder behavior. Such massive inflows highlight that large players are strategically building positions, likely tied to institutional adoption and the growing demand for ETH ETFs. Long-Term Conviction Amid Pressure According to Darkfost, Ethereum’s inflows into accumulator addresses mark one of the most important trends developing beneath the surface of current market volatility. He explains that accumulator addresses are wallets that have made at least two ETH transactions without ever selling a single coin. This behavior makes them reliable indicators of long-term holder conviction, since accumulation, not short-term speculation, drives them. Darkfost adds that some of these addresses could be linked to institutional entities offering ETH ETFs, which have seen surging demand recently. The scale of these inflows — with nearly 400K ETH added yesterday and a record 1.2M ETH accumulated on September 18th — points to serious players positioning for the long haul. Still, this comes at a time when Ethereum is facing a critical technical test, hovering around the $4,000 support after losing more than 14% since mid-September. While accumulation shows strong confidence in ETH’s long-term trajectory, the short-term risks remain elevated. Selling pressure, broader market corrections, and macro uncertainty could test investor patience. Ultimately, Darkfost emphasizes that the coming weeks will be decisive: either ETH bulls hold the line and confirm this accumulation as the foundation for a rebound, or pressure deepens into a more prolonged correction. Related Reading: ASTER Pushes To New All-Time High As Bullish Structure Supports Continuation – Details Ethereum Price Analysis: Testing $4,000 Support Ethereum’s chart reveals a decisive breakdown after losing the $4,200 level, with price now testing the $4,000 support zone. This marks a sharp 3.2% decline in the last session, continuing the corrective structure that has been developing since early September. The price breached the 12H 50 moving average (blue) and the 100 moving average (green), showing weakening bullish momentum. Price is now hovering just above the 12H 200 moving average (red), which sits near $3,800. This zone represents a crucial line of defense for bulls, as a confirmed breakdown could accelerate selling pressure and open the path toward deeper retracements. Momentum also reflects increasing market fear, as sellers remain in control and meet each bounce attempt with lower highs. Still, holding above $4,000 keeps Ethereum within a potential consolidation range, offering bulls a chance to stabilize before the next move. Related Reading: Bitcoin Net Liquidations Stay Negative Near $40M: Analyst Warns Downside Still In Play If buyers defend this area successfully, ETH could rebound to retest the $4,200–$4,400 resistance range. However, a daily close below $3,950 would likely confirm further downside pressure, exposing $3,800 and possibly $3,600 as the next targets. Featured image from Dall-E, chart from TradingView

Ethereum price started a fresh decline below $4,120. ETH is now struggling and might decline further if it breaks the $4,050 support zone. Ethereum failed to extend gains and declined below the $4,150 zone. The price is trading below $4,150 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $4,360 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below $4,050 and $4,000. Ethereum Price Dips Again Ethereum price remained in a bearish zone after it settled below $4,450, like Bitcoin. ETH price declined below the $4,320 and $4,300 support levels. The bears even pushed the price below $4,120. A low was formed at $4,000 and the price recently started a minor recovery wave. There was a move above the 23.6% Fib retracement level of the downward wave from the $4,635 swing high to the $4,000 low. However, the bears remained active near the $4,250 resistance zone and pushed the price lower again. Ethereum price is now trading below $4,150 and the 100-hourly Simple Moving Average. Besides, there is a key bearish trend line forming with resistance at $4,360 on the hourly chart of ETH/USD. On the upside, the price could face resistance near the $4,150 level. The next key resistance is near the $4,220 level. The first major resistance is near the $4,250 level. A clear move above the $4,250 resistance might send the price toward the $4,350 resistance and the trend line. An upside break above the $4,360 region might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,450 resistance zone or even $4,550 in the near term. Downside Extension In ETH? If Ethereum fails to clear the $4,220 resistance, it could start a fresh decline. Initial support on the downside is near the $4,050 level. The first major support sits near the $4,000 zone. A clear move below the $4,000 support might push the price toward the $3,880 support. Any more losses might send the price toward the $3,820 region in the near term. The next key support sits at $3,750. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $4,050 Major Resistance Level – $4,220

Ethereum price started a fresh decline below $4,220. ETH is now consolidating and might decline further if it breaks the $4,125 support zone. Ethereum failed to extend gains and declined below the $4,200 zone. The price is trading below $4,220 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $4,370 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it settles above $4,280 and $4,320. Ethereum Price Is Now At Risk Ethereum price failed to continue higher above the $4,500 zone and started a fresh decline, like Bitcoin. ETH price declined below the $4,420 and $4,350 support levels. The bears even pushed the price below $4,200. A low was formed at $4,000 and the price recently started a minor recovery wave. There was a move above the 23.6% Fib retracement level of the downward wave from the $4,636 swing high to the $4,000 low. Ethereum price is now trading below $4,220 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $4,220 level. The next key resistance is near the $4,280 level. The first major resistance is near the $4,315 level and the 50% Fib retracement level of the downward wave from the $4,636 swing high to the $4,000 low. A clear move above the $4,315 resistance might send the price toward the $4,370 resistance. There is also a key bearish trend line forming with resistance at $4,370 on the hourly chart of ETH/USD. An upside break above the $4,370 region might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,450 resistance zone or even $4,550 in the near term. Another Decline In ETH? If Ethereum fails to clear the $4,215 resistance, it could start a fresh decline. Initial support on the downside is near the $4,125 level. The first major support sits near the $4,050 zone. A clear move below the $4,050 support might push the price toward the $4,000 support. Any more losses might send the price toward the $3,880 region in the near term. The next key support sits at $3,750. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $4,125 Major Resistance Level – $4,320

Ethereum’s price action is at a decisive point after breaking out of a rising wedge pattern. While the move initially fueled optimism for higher targets, the retest of a critical support zone will determine whether this breakout holds or fades into a false alarm. With the $3,900–$4,100 range now acting as the line in the sand, Ethereum faces one of its most important tests yet. ETH Breaks Rising Wedge: Key Retest In Play According to a recent post by crypto analyst The Boss on X, Ethereum’s weekly chart was previously showing a rising wedge formation. This technical pattern is often viewed with caution as it can signal a potential bearish reversal. However, in a surprising and bullish development, Ethereum broke out of this pattern to the upside, suggesting a strong underlying momentum. Related Reading: Ethereum Slides 6% as Bulls Lose Grip on $4,500 Resistance; $4,000 Incoming? Following this breakout, the price has now pulled back to perform a crucial re-test of the very level it just surpassed. This re-testing of the breakout point is a classic move in technical analysis, where the previous resistance level is now being tested as new support. The analyst highlights that if ETH successfully holds this key re-test level, it will open the door for a continued move higher. Meanwhile, the next potential resistance area, indicated on the analyst’s chart, is situated at the $4,887 price level. ATH Targets Intact While Price Stays Above Support Crypto Candy, in a recent update, highlighted Ethereum’s sudden move back into the weekly support zone between $3,900 and $4,100. This zone has proven to be a crucial area for ETH, serving as a strong foundation for buyers to maintain the current bullish outlook. The fact that Ethereum is still holding above this level suggests that market sentiment remains positive, with price aiming for higher targets. Related Reading: Ethereum Network Activity Heats Up As Fees Hit $1.4M In 24H According to the analyst, as long as ETH maintains its position above the $3,900–$4,100 support zone, the overall trajectory points toward retesting its all-time high levels. While this zone serves as a make-or-break area, it could determine Ethereum’s next big move. Holding here keeps the bullish case intact and strengthens the probability of another significant rally in the weeks ahead. However, Crypto Candy also warned of a critical risk. If Ethereum fails to defend this support and closes below $3,800, the entire outlook could shift dramatically. Such a move would invalidate the bullish structure and potentially invite strong selling pressure, opening the door for a deeper correction. Thus, the coming sessions remain crucial as ETH battles to keep its footing above this vital support zone. Featured image from Adobe Stock, chart from Tradingview.com

The Ethereum price is back in the spotlight as market analysts and ETH’s own founder, Vitalik Buterin, outline bold predictions for the asset. While experts forecast that Ethereum could surge to $33,000, Buterin draws parallels between the cryptocurrency’s future role in finance and Google’s dominance in search. As a result, the ETH founder has suggested that low-risk Decentralized Finance (DeFi) may become Ethereum’s breakthrough “Google Moment.”  Ethereum Price Projected To Soar To $33,000 A recent chart analysis by prominent market expert Egrag Crypto paints an optimistic picture for Ethereum’s long-term price trajectory. Based on the analyst’s chart, ETH could potentially rise to $33,000 before the end of 2025.  Related Reading: Bullish Continuation Setup Says Ethereum Price Is Headed For $6,500, Here’s When Egrag Crypto notes that ETH has a history of overshooting measured targets once it breaks out of major continuation patterns. This trend has been visible across previous market cycles, lending weight to his previous projection that the next ETH rally could be monumental. In Ethereum’s earlier cycles, key formations, such as the Bull Flag and the Rectangle Continuation Pattern, produced extraordinary gains that exceeded expectations. The Bull Flag pattern overshot its target by 145%, while the rectangle continuation exceeded projections by an even greater 181%.  Now, ETH is forming what Egrag Crypto identifies as a Descending Broadening Wedge, a setup that typically signals bullish continuation once the breakout is confirmed. According to the expert, the measured move from this wedge suggests an initial price target of $12,300. However, when factoring in Ethereum’s historical tendency to overshoot by an average of 163%, he sees the cryptocurrency skyrocketing as high as $33,000.  Low-Risk DeFi To Unlock ETH’s ‘Google Moment’ In a report published on September 21, Buterin describes what he sees as Ethereum’s upcoming Google moment. Just as Google secured long-term dominance by finding its core economic driver in search and ads, the crypto founder argues that Ethereum now has the opportunity to anchor its ecosystem with low-risk DeFi and unlock comparable growth.  Related Reading: Ethereum Price Will Still Climb Above $5,000 As Long As It Holds This Level Buterin also emphasized the growing importance of sustainable applications within the Ethereum ecosystem. Historically, ETH has struggled to balance two distinct categories of applications—those that generated significant revenue like NFTs and meme coins, and those that aligned with Ethereum’s broader vision, such as decentralized identity and privacy protocols.  Buterin notes that the underlying issue was that revenue-generating applications often lacked long-term sustainability, while mission-driven projects lacked economic weight. He believes that low-risk DeFi could be the solution that bridges this gap. By enabling global, permissionless access to stable wealth-building mechanisms such as interest-bearing assets, bonds, and currencies, the crypto founder highlighted that Ethereum could achieve economic sustainability.  He also expressed hope that Ethereum could potentially surpass Google’s legacy. Buterin mentioned that Google was often criticized for straying from its core mission and becoming an antisocial, profit-maximizing corporation. However, ETH is fundamentally different, with decentralization embedded deeply at both technical and social levels.  Featured image from Getty Images, chart from Tradingview.com

The Global M2 Money Supply has been on the rise over the last year, reaching new peaks in the process. This chart was widely applied to the Bitcoin price as analysts believed that it projected Bitcoin reaching new peaks. So far, the Bitcoin price has already climbed to $124,400 with the money supply chart, and now, analysts are applying the same Global M2 Money Supply chart to the Ethereum price, showing that the altcoin could land at 5-figures soon. What The Global M2 Money Supply Says About Ethereum Price Crypto and market analyst Ted Pillows has taken another route when it comes to predicting the Ethereum price action, and this time, he’s using the Global M2 Money Supply chart. In the X post, the analyst superimposes the Ethereum price chart into the Global M2 Money Supply chart to show how the altcoin has been performing in comparison. Related Reading: Dogecoin Price Could Break Into Double-Digit Rally From This Fibonacci Level The chart shows that the Ethereum price is still lagging behind the money supply chart, but its current position shows it might be ready for another surge. Following the money supply chart would mean that the Ethereum price could see a decline below $4,000, but this is ultimately bullish for the price. This is because of the liquidity that lies at the $4,000 level, and if this liquidity is taken out, then the analyst sees the Ethereum price using this as gunpowder for its next rally. Keeping in line with the Global M2 Money Supply trend, this blowout could lead to an over 300% increase in price. Pillows suggests that the Ethereum price could reach as high as $18,000-$20,000 if this plays out, with a timeline moving into the year 2026. Even in a more conservative stance, the analyst believes that the Ethereum price could trade at half of this target, which would be around $10,000. Ultimately, Pillows believes that Ethereum is still bullish in the long term. The $10,000 Target Pillows is not the only crypto analyst who sees the Ethereum price ultimately reaching the $10,000 target. Another analyst, Titan of Crypto, had previously predicted that Ethereum would ultimately reach $10,000 this year. Titan points to the Bull Pennant formation on the chart, whose breakout would inadvertently put the Ethereum price at the $10,000 target this year if it plays out correctly. Related Reading: XRP Needs To Defend $2.98 Support To Avoid Deeper Correction – Details However, for now, it seems the major problem for Ethereum lies at the $4,000 level with the budding liquidity. Crypto analyst Donald Dean points out that if the altcoin were to lose support at $4,200, then the next area of major support would lie at $4,070. However, this $4,070 would serve as a launch point if it holds. Once this happens, then the analyst sees the ETH price going on a 50% retracement, and eventually climbing to the $5,766 target as the rally takes hold. Featured image from Dall.E, chart from TradingView.com

After losing the $4,450-$4,500 area during the recent market downturn, Ethereum (ETH) is attempting to hold a crucial level as support. Some analysts suggest that the leading altcoin is poised to bounce soon as crypto treasury companies continue to bet on the cryptocurrency. Related Reading: Bitcoin Stuck In Neutral While Markets Roar — Analyst Explains Why Ethereum Eyes Rebound Amid $4,100 Retest On Monday, Ethereum’s price dropped around 7% during the largest liquidation event of the year so far. Notably, the crypto market saw more than $1.7 billion in leveraged positions liquidated over the past 24 hours, according to CoinGlass data. ETH led the losses with nearly $500 million in liquidations, followed by Bitcoin’s $284 million. This dragged the King of Altcoin’s price to the crucial $4,100 support for the first time since August, hitting a one-month low of $4,077. Daan Crypto Trades highlighted that today’s event was the largest nominal Ethereum liquidation since 2021, when the cryptocurrency’s price dropped around 45% in a single day. However, various market watchers noted that the price decline was relatively tame compared to previous liquidations of this scale. As the second-largest cryptocurrency dropped to the $4,100 support, some analysts suggested that Ethereum is gearing up for a rebound. Merlijn The Trader affirmed that ETH is “following the blueprint” to a five-digit target. Per the trader, the cryptocurrency rallied to its previous all-time high (ATH) of $4,800 after breaking out of a multi-year bullish pattern. Following its breakout from an Adam and Eve formation in 2021, the leading altcoin retested the level as support and consolidated around this area for three months before the next leg up. This time, Ethereum displays a new textbook setup with a multi-year descending triangle formation, which was broken out of last month and is currently being retested as support. According to the market watcher, ETH could see a 2021-like breakout toward the $10,000 barrier. Nonetheless, Ted Pillows asserted that the altcoin must hold the $4,100 area as support for a short-term bounce. “If this level is lost, Ethereum will drop towards the $3,700-$3,800 level,” the analyst warned. BitMine Holds 2% Of ETH Supply Despite the market downturn, corporations continue to bet on the second-largest cryptocurrency for their Digital Asset Treasury (DAT) strategies. BitMine, the second-largest crypto treasury, revealed that it has increased its ETH holdings to nearly 2.5 million tokens over the past week, as part of its goal to hold 5% of Ethereum’s total supply. BitMine now owns over 2% of the supply with 2,416,054 ETH, solidifying its position as the largest ETH Treasury in the world. According to the Monday announcement, the company now holds $11.4 billion in assets, including the 2.4 million ETH tokens, 192 Bitcoin (BTC), $175 million stake in Eightco Holdings for its “Moonshot” initiative, and unencumbered cash of $345 million. Additionally, the company is the 24th most traded stock in the US, with an average daily volume of $3.5 billion, according to 5-day average data from Fundstrat. Related Reading: Solana Faces Deadly Selling Pressure After 312,233 SOL Deposit Into Coinbase – Here’s The Value BitMine’s chairman, Thomas “Tom” Lee, stated that the company continues “to believe Ethereum is one of the biggest macro trades over the next 10-15 years,” adding that “Wall Street and AI moving onto the blockchain should lead to a greater transformation of today’s financial system. And the majority of this is taking place on Ethereum.” As of this writing, ETH is trading at $4,145, an 8% decline in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Ethereum price started a fresh decline below $4,250. ETH is now consolidating and might decline further if it breaks the $4,120 support zone. Ethereum failed to extend gains and declined below the $4,250 zone. The price is trading below $4,280 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $4,360 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it settles above $4,250 and $4,320. Ethereum Price Dips Sharply Ethereum price failed to continue higher above the $4,550 zone and started a fresh decline, like Bitcoin. ETH price declined below the $4,450 and $4,350 support levels. The bears even pushed the price below $4,120. A low was formed at $4,000 and the price is now consolidating losses. There was a minor recovery wave above the 23.6% Fib retracement level of the downward wave from the $4,636 swing high to the $4,000 low. Ethereum price is now trading below $4,300 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $4,220 level. The next key resistance is near the $4,250 level. The first major resistance is near the $4,320 level and the 50% Fib retracement level of the downward wave from the $4,636 swing high to the $4,000 low. A clear move above the $4,320 resistance might send the price toward the $4,360 resistance. There is also a key bearish trend line forming with resistance at $4,360 on the hourly chart of ETH/USD. An upside break above the $4,360 region might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,450 resistance zone or even $4,550 in the near term. Another Decline In ETH? If Ethereum fails to clear the $4,220 resistance, it could start a fresh decline. Initial support on the downside is near the $4,120 level. The first major support sits near the $4,050 zone. A clear move below the $4,050 support might push the price toward the $4,000 support. Any more losses might send the price toward the $3,880 region in the near term. The next key support sits at $3,750. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $4,120 Major Resistance Level – $4,360

Ethereum price started a fresh decline below $4,550. ETH is now consolidating and might decline further if it breaks the $4,250 support zone. Ethereum failed to extend gains and declined below the $4,550 zone. The price is trading below $4,450 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $4,450 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it settles above $4,400 and $4,450. Ethereum Price Dips Sharply Ethereum price failed to continue higher above the $4,650 zone and started a fresh decline, like Bitcoin. ETH price declined below the $4,600 and $4,550 support levels. The bears even pushed the price below $4,420. A low was formed at $4,264 and the price is now consolidating losses and is well below the 23.6% Fib retracement level of the downward wave from the $4,637 swing high to the $4,264 low. Ethereum price is now trading below $4,400 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $4,350 level. The next key resistance is near the $4,400 level. The first major resistance is near the $4,450 level. Besides, there is a key bearish trend line forming with resistance at $4,450 on the hourly chart of ETH/USD. A clear move above the $4,450 resistance might send the price toward the $4,500 resistance or the 61.8% Fib retracement level of the downward wave from the $4,637 swing high to the $4,264 low. An upside break above the $4,500 region might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,550 resistance zone or even $4,620 in the near term. Another Decline In ETH? If Ethereum fails to clear the $4,350 resistance, it could start a fresh decline. Initial support on the downside is near the $4,250 level. The first major support sits near the $4,220 zone. A clear move below the $4,220 support might push the price toward the $4,150 support. Any more losses might send the price toward the $4,120 region in the near term. The next key support sits at $4,050. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $4,250 Major Resistance Level – $4,350

The price of Ethereum had quite a rough performance over the past week, falling from its usual range above the $4,600 level to below $4,500. Despite the injection of bullish momentum into the market by the US Federal Reserve’s interest rate cut, the “king of altcoins” failed to sustain its rally back to the $4,600 region. According to the latest on-chain data, the Ethereum price could be gearing up for an even longer time in the cold, as investors seem to be turning away from the second-largest cryptocurrency by market cap. The question, though, is how deep the price of ETH will fall in the coming weeks? ETH Price At Risk Of Return To $1,500? In a recent post on the social media platform X, pseudonymous crypto analyst Darkfost revealed that the Ethereum investors might be flooding out of the market at the moment. This observation is based on the recent downturn in the ETH Taker Buy-Sell Ratio on the world’s largest crypto exchange by trading volume. Related Reading: Analyst Says XRP Price Not Reaching $10+ Due To Market Cap Is Irrelevant The Taker Buy-Sell Ratio is an on-chain indicator that compares the proportion of the taker buy volumes to the taker sell volumes on crypto exchanges. When the value of this metric is greater than one, it signals that the taker buy volume is higher than the taker sell volume on a crypto exchange. This trend typically points to the willingness of more traders to purchase coins at a higher value on the trading platform. Meanwhile, a less-than-one value for the Taker Buy-Sell Ratio typically means that the taker sell volume is higher than the taker buy volume on the exchange. Ultimately, this low value indicates that more sellers are offloading their assets at a lower price, precipitating bearish pressure in the market. According to data from CryptoQuant, the Ethereum Taker Buy-Sell Ratio fell below the 1 threshold to around 0.87 on Friday, September 19. This latest decline marked the third time this metric has fallen this low so far in 2025. As observed in the above chart, Darkfost noted that the indicator fell as low as 0.85 in January and February 2025. This ratio decline coincided with the bearish trend, during which the price of Ethereum fell to around the $1,500 region. As of the time of publishing their post on X, Darkfost revealed that the 7-day average of the Taker Buy-Sell Ratio stood at 0.93, which is still short of the 1 threshold. The on-chain analyst concluded that while the Ethereum price is looking to break above the $5,000 milestone, more investors seem to be increasingly betting against the altcoin’s rally.  Although it is highly unlikely to see a downturn similar to the one in 2025’s first quarter, the latest on-chain events suggest that the price of ETH could still face some bearish pressure in the coming weeks. Ethereum Price At A Glance As of this writing, the price of ETH stands at around $4,475, reflecting a mere 0.4% leap in the past 24 hours. Related Reading: Bitmine’s Ethereum Appetite Grows With Fresh $70 Million Buy Featured image from iStock, chart from TradingView

Ethereum remains one of the most controversial tokens in the present market cycle, considering its status as the second-largest cryptocurrency and largest altcoin by market cap. Notably, several analysts have consistently backed ETH to reach a five-digit price mark this cycle based on varying rationales. Popular analyst Ted Pillows has now shared a new historical perspective that supports this general bullish notion. Related Reading: Bitmine’s Ethereum Appetite Grows With Fresh $70 Million Buy Short-Term ETH Correction To Precede Major $10,000 Rally – Analyst In an X post on September 20, Pillows shared a technical analysis of the ETH market, which shows that the altcoin is consolidating just below its 2021 all-time high (ATH), indicating a price behavior that is potentially bullish based on historical data. Currently trading just below $4,500, Ethereum has been unable to hold decisively above its previous cycle peak of $4,878 set in November 2021. However, the present consolidation mirrors a similar setup from the last bull cycle. In 2021, ETH experienced a sharp 25% correction after retesting the 2017 ATH of $1,400, before resuming its meteoric climb to new highs above $4,800. In applying this pattern to today’s market, Ted Pillows states a comparable correction would send ETH back toward the $3,700–$3,800 zone. While such a price decline may unsettle short-term traders, the Pillows’ analysis suggests it is a necessary reset before Ethereum can stage a breakout. Once this corrective phase plays out, the market expert projects Ethereum to embark on a powerful rally to potentially reach $10,000 by early 2026, representing a potential 100% gain from current market levels. Related Reading: X Blows The Lid Off Bribe Scandal In Crypto Account Restorations ETH DEX Volume Hits $3.5 Trillion In other news, Ethereum’s decentralized exchange (DEX) activity is surging, with cumulative DEX trading volume surpassing $3.5 trillion, according to data shared by Coin Bureau. This milestone underscores Ethereum’s dominance as the backbone of decentralized finance (DeFi), fueling liquidity and trading across the crypto ecosystem. Despite this achievement, Ethereum’s price has come under pressure in the past week alongside other crypto assets. The prominent is currently trading at $4,470, marking a 4.32% decline in the past 7 days. Meanwhile, daily trading volume is also down by 47.31% and valued at $17.1 billion. In a separate X post, Ted Pillows has also noted that if Ethereum fails to reclaim the $4,500 level, the next key support lies between $4,000 and $4,200. While this range will be crucial for maintaining bullish momentum, a deeper pullback to below $4,000 would still align with bullish historical behavior as earlier stated. Featured image from Flickr, chart from Tradingview

Institutional staking may soon receive a significant boost as reports emerge that Grayscale is preparing to stake its substantial Ethereum holdings. This move would mark a pivotal shift for one of the world’s largest crypto asset managers, bringing billions of dollars worth of ETH into active network participation. In an X post, on-chain analyst CryptoGoos has brought to light a significant development in the institutional crypto space. Grayscale is reportedly preparing to stake its massive Ethereum holdings. Although not yet confirmed, such a move, which was flagged by on-chain data following a transfer of over 40,000 ETH, is a significant signal of Grayscale’s evolving strategy and a potential game-changer for the ETH market. Why The Grayscale Move Could Accelerate Mainstream Adoption According to the data, Grayscale’s alleged transfer of a large sum of ETH is consistent with preparatory steps for staking. The firm, which holds approximately 1.5 million ETH in its various trusts, is now positioning a portion of that vast holding to earn staking rewards. Related Reading: Ethereum Staking Hits Record 36 Million ETH, Driving Structural Supply Shock If this is indeed the case, it would be a historic moment. Grayscale would become the first US-based ETH ETF sponsor to offer staking in the market, a feature that has been a point of contention with the Securities and Exchange Commission (SEC). While reports suggest Grayscale is preparing to stake ETH, market analyst TheKingfisher has issued a significant warning based on the ETH GEX+ chart, which he states is flashing a strong negative signal. This analysis centers on a key options metric known as Gamma Exposure (GEX), an indicator that provides insight into how professional traders, or dealers, are positioned in the market. The dealers are short gamma at the current implied volatility (IV) of 61 and an index price of $4,593.  This dynamic is where volatility is likely to be amplified. Instead of a market that moves slowly and predictably, the ETH GEX+ signal suggests that price swings could be sudden and extreme, catching most retail traders off guard with the speed of moves. However, smart money considers the development a rare opportunity to capitalize on aggressive dealer hedging. In the meantime, this environment demands tight risk management. The Gateway To Price Discovery Ethereum price is at a pivotal point, currently consolidating between the $4,000 support level and its previous all-time high. MilkRoadDaily has also revealed that the next crucial step for ETH is a weekly close above its all-time high, which would put the asset into a phase of price discovery, where history shows the biggest moves have happened. Related Reading: Ethereum Gears Up For $10,000: Charts Flash Parabolic Rally Signals Drawing on this historical pattern, MilkRoadDaily suggests that in the previous market cycle, ETH cleared its old highs with a parabolic run, ripping an additional 240%. If this historical pattern were to repeat itself, a similar move from its current position could project a new price target of around $16,500. Featured image from iStock, chart from Tradingview.com

The Ethereum price has spent the past weeks stuck in a wide consolidation zone, testing bullish momentum as analysts anticipate its next big breakout. One market expert has highlighted a critical level for ETH, suggesting that as long as the second-largest cryptocurrency can hold above this level, its path to surpassing the $5,000 milestone remains intact.  Ethereum Price Faces Critical Level At $4,400 According to market expert Daan Crypto Trades on X social media, Ethereum’s recent price action has been choppy following two slow weeks of trading. The analyst’s chart shows that ETH has oscillated between $4,100 and $4,800, with several stop hints and liquidity grabs creating false moves on both the bullish and bearish side.  Related Reading: This Is The Key Level That Stands Between The Ethereum Price And A Surge To $5,000 Despite these fluctuations, the $4,400 zone, which sits around the 200-day Moving Average (MA) on the 4-hour chart, continues to act as the key support level that stands between ETH and the $5,000 milestone. Daan Crypto Trades noted that this critical support is not just technical but also aligns with strong accumulation levels.  The analyst highlighted that Bitmine Immersion Technologies, Inc. (BMNR) has been steadily adding to positions, though at a slightly lower pace as Net Asset Value (NAV) flows ease. This shows that as long as Ethereum can maintain its price above the $4,400 support level, buyers may remain in control. The chart clearly illustrates this battle for support. ETH’s dips below $4,500 have so far been short-lived, with price consistently bouncing back into the consolidation range.  This repeated defense strengthens the case for Ethereum to sustain its momentum and build the foundation for a run above $5,000. For now, patient accumulation within the consolidation zone appears to be the market’s strategy as the cryptocurrency gears up for a potential breakout once broader conditions align.  $5,000 Is Only A Matter Of Time In a follow-up analysis, Daan Crypto Trades reinforced his bullish view, noting that Ethereum is essentially in a “$5,000 waiting room.” The analyst’s chart highlights this view, showing ETH rebounding strongly after retesting the $4,400 region. With both the 200 MA and 200 EMA on the 4-hour chart acting as underlying support, the cryptocurrency’s structure appears intact despite short-term volatility.  Related Reading: Ethereum Price At Risk Of Crash To $4,000, Is A New ATH Still Possible? Daan Crypto Trades suggested that while a retest of $4,000 – $4,100 is still possible, the market is unlikely to sustain a breakdown below that zone as long as ETH holds $4,400. In other words, maintaining this critical support could pave the way for new all-time highs.  The chart also reflected the market’s resilience, with ETH rejecting the lows and quickly climbing back toward $4,600. Such a rebound often signals that bulls may be preparing for the next leg higher. If the momentum continues, Ethereum retesting its former all-time high of $4,868 and breaking above $5,000 may only be a matter of time. Featured image from Getty Images, chart from Tradingview.com

Ethereum price started a fresh increase above $4,550. ETH is now consolidating and might attempt to clear the $4,640 resistance. Ethereum is now recovering higher above the $4,580 zone. The price is trading above $4,600 and the 100-hourly Simple Moving Average. There is a short-term contracting triangle forming with resistance at $4,620 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it settles above $4,620 and $4,640. Ethereum Price Eyes Upside Break Ethereum price formed a base above $4,420 and started a recovery wave, like Bitcoin. ETH price was able to settle above the $4,500 and $4,520 levels. The price climbed above the $4,550 and $4,600 resistance levels. The bulls pushed the price above the 50% Fib retracement level of the downward wave from the $4,765 swing high to the $4,416 low. However, the bears are active near the $4,640 level. The price is facing hurdles near the 61.8% Fib retracement level of the downward wave from the $4,765 swing high to the $4,416 low. Ethereum price is now trading above $4,550 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $4,640 level. The next key resistance is near the $4,685 level. The first major resistance is near the $4,765 level. A clear move above the $4,765 resistance might send the price toward the $4,840 resistance. An upside break above the $4,840 region might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,880 resistance zone or even $4,920 in the near term. Another Pullback In ETH? If Ethereum fails to clear the $4,640 resistance, it could start a fresh decline. Initial support on the downside is near the $4,580 level. The first major support sits near the $4,535 zone. A clear move below the $4,535 support might push the price toward the $4,465 support. Any more losses might send the price toward the $4,420 region in the near term. The next key support sits at $4,350. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $4,535 Major Resistance Level – $4,640

After failing to hit a new all-time high (ATH) of $5,000 in August 2025, Ethereum (ETH) may finally be ready to breach the psychologically important price level. A decline in Binance open interest suggests that ETH is likely close to a local bottom, ready for its next leg up. Ethereum Open Interest Declines, Is Local Bottom Close? According to a CryptoQuant Quicktake post by contributor burakkesmeci, Ethereum may be nearing a local bottom. The analyst referred to the Binance ETH open interest (OI) hourly timeframe metric for their analysis. Related Reading: Ethereum Marches Upward Without Leverage Overheating – Sign Of Structural Health? In their analysis, burakkesmeci noted that according to the Binance ETH OI metric, local bottoms have formed with an average decline of 14.9% over the past three months. On the spot market side, these corrections have typically resulted in an average 10.7% decline. The analyst said that drops in ETH OI have usually signaled spot price corrections ahead of time. For example, on August 17, the Binance ETH OI decreased from $11.4 billion to $10.2 billion, representing a 10.52% drop. Similarly, on August 20, the Binance ETH OI tumbled from $13 billion to $9.7 billion, a correction of 25.38%. The latest major tumble in Binance ETH OI was observed on September 13, when it crashed from $11.39 billion to $10.4 billion. The analyst concluded: So, we can say this: when spot price rallies are supported by the futures side, the trend progresses more healthily – just like a plane flying with two wings. In the opposite scenario, OI signals potential corrections. Binance ETH OI (measured on the highest-volume exchange, acting as a leading indicator) gives us a chance to catch local bottoms early. The analyst added that based on the recent trends, it can be speculated that the Binance ETH OI may dwindle to $9.69 billion. It also suggests that ETH is currently in the local bottom zone. However, the ETH price may fall further before it finds its local bottom. Is ETH Eyeing $6,800? Meanwhile, fellow CryptoQuant analyst, PelinayPA, noted that Fund Market Premium (FMP) has remained mostly neutral or positive between July and September 2025 – indicating renewed institutional demand. Over the same period, ETH has surged from $2,500 to $4,400. Related Reading: Ethereum To $6,800 By Year End? CME Futures Data Shows Record Institutional Demand For the uninitiated, the FMP in Ethereum’s context measures the price gap between futures contracts and the spot market. Currently, with positive premiums dominating, the market is showing strong institutional support for ETH. PelinayPA added: This environment could help Ethereum maintain stability above $4.4K and potentially sustain further upside momentum. Major target $6,8K. In addition, ETH exchange reserves continue to deplete at a rapid pace. Recent analysis by another CryptoQuant contributor named Arab Chain forecasted ETH to touch $5,500 in September. That said, the current pause in ETH’s rally remains a point of concern. At press time, ETH trades at $4,491, up 0.8% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com

Ethereum price started a fresh increase above $4,520. ETH is now showing positive signs and might attempt to clear the $4,680 resistance. Ethereum is now recovering higher above the $4,550 zone. The price is trading above $4,580 and the 100-hourly Simple Moving Average. There was a break above a bearish trend line with resistance at $4,550 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it settles above $4,640 and $4,700. Ethereum Price Eyes Steady Increase Ethereum price extended losses below $4,550 before the bulls appeared, like Bitcoin. ETH price tested the $4,415 zone and recently started a recovery wave. The price climbed above the $4,500 and $4,520 resistance levels. The bulls pushed the price above the 50% Fib retracement level of the downward move from the $4,765 swing high to the $4,416 low. Besides, there was a break above a bearish trend line with resistance at $4,550 on the hourly chart of ETH/USD. Ethereum price is now trading above $4,580 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $4,635 level or the 61.8% Fib retracement level of the downward move from the $4,765 swing high to the $4,416 low. The next key resistance is near the $4,680 level. The first major resistance is near the $4,720 level. A clear move above the $4,720 resistance might send the price toward the $4,750 resistance. An upside break above the $4,750 hurdle might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,850 resistance zone or even $4,880 in the near term. Another Drop In ETH? If Ethereum fails to clear the $4,680 resistance, it could start a fresh decline. Initial support on the downside is near the $4,580 level. The first major support sits near the $4,535 zone. A clear move below the $4,535 support might push the price toward the $4,500 support. Any more losses might send the price toward the $4,420 region in the near term. The next key support sits at $4,350. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $4,535 Major Resistance Level – $4,680

Despite a recent bout of market volatility, Ethereum’s bullish sentiment remains strong. With ETH holding strong above key support levels, its growing institutional demand and dominance in DeFi and staking, many believe the foundation for a new all-time high is already in place. What Could Derail Ethereum’s Path To A New ATH? In an X post, crypto investor CryptoELITES pointed out that Ethereum is still on track for a new all-time high. The ETH chart is exhibiting a similar pattern to previous cycles, bouncing off a bottom trendline. Related Reading: Ethereum’s Pullback Complete? ETH Set Eyes On 77% Breakout Run If the pattern holds, it implies that Ethereum has re-entered its main growth channel, the very setup that led to explosive rallies in prior cycles. As a result, the expert is confident and predicts that ETH could be headed for a new 2025 all-time high at the top. Emperor, a respected market analyst, has provided a detailed technical update on ETH price action. His analysis focuses on the key levels of support and resistance that are currently dictating the market’s direction, particularly following a period of consolidation. Emperor noted that after reaching its recent ATH, Ethereum’s price entered a phase of consolidation, trading within a specific range. A key resistance level had been holding the price down, but ETH eventually broke above it. However, a recent price move brought ETH back to this same resistance level for a bearish underside retest, which is a common technical event.  According to the analysts, the retest confirmed the rejection, where the price did not successfully bounce off the level and has now returned to it. The focus is now on a key support and resistance level that previously acted as resistance during the consolidation. Meanwhile, the market is now looking to see if this level, with confirmation from trading volume, can turn into support.  The Trigger For Full Expansion Ethereum has already done the heavy lifting this cycle by breaking above its key range highs around $4,100 and holding that level as support. Daan Crypto Trades, a crypto trader and investor, has revealed that the only remaining level is the 2021 all-time high, which ETH has briefly swept. However, it has not yet been able to go into full price discovery mode.  Related Reading: Citi’s Ethereum Forecast: No New All-Time High Expected, Year-End Target At $4,300 Daan emphasizes the importance of the bulls holding the $4,000 to $4,100 level on higher timeframes. He noted that the wicks below are fine, as these can be a normal part of retesting a support level.  However, closing below that point would be a bearish sign that could invalidate the current upward momentum. If ETH can clear $5,000 and sustain it, that’s the point where further expansion would begin. Until then, price action remains in the choppy phase. Featured image from iStock, chart from Tradingview.com