Tag: Ethereum (ETH) Price

Ethereum continues to show strength, currently trading around $4,670 as it edges closer to the midline of its ascending channel. The market has maintained a steady recovery since late September, but signs of local exhaustion are beginning to appear, suggesting a potential short-term pullback before another push higher.

Technical Analysis

By Shayan

The Daily Chart

On the daily timeframe, ETH remains firmly within its rising channel structure, supported by the 100-day moving average near $3,900 and the 200-day around $3,000. The price is approaching the $4,800 resistance zone, a key level that has repeatedly capped rallies over the past couple of months.

The RSI has also climbed to 62, reflecting healthy momentum, though not yet overheated. A breakout above $4,800 could open the path to testing the psychological $5,000 level and beyond, while failure to sustain current levels could lead to a retest of the lower boundary of the ascending channel and even the critical $4,000 demand zone, which would be crucial for the investors to hold to sustain the bull market.

The 4-Hour Chart

The 4-hour chart shows early bearish divergence between price and RSI, indicating weakening momentum as ETH tests the key $4,700-$4,800 resistance zone. Yet, a small bullish Fair Value Gap (FVG) has formed near $4,600, which could attract short-term retracement and support before continuation.

If the buyers defend this gap and reclaim control, the next upside target remains $4,800. However, losing this level may trigger a deeper correction toward $4,200, where a strong demand zone and the neckline of the recent inverse head and shoulder pattern are located.

Onchain Analysis

While Ethereum’s price has been rebounding strongly and looks ready to rally higher, on-chain activity tells a slightly different story. The number of active addresses has been dropping slightly recently, even as the price climbs. This shows a short-term disconnect between network participation and market performance.

For this uptrend to remain sustainable, active addresses need to rise alongside price, confirming genuine user engagement and on-chain demand. A continued decline in activity could signal weakening fundamentals, making it harder for ETH to sustain momentum above the $4,700–$4,800 resistance zone.

With reserves down 25% and Coinbase Premium flipping positive, ETH could be gearing up for its biggest rally yet.

Bitcoin reached a record high this week, but Ethereum is also seeing a major resurgence. In fact, the altcoin may be quietly positioning itself for a significant rally as global liquidity continues to expand, according to new market analysis.

The US M2 money supply, which is an important measure of liquidity, has climbed to a record $22.2 trillion after entering a renewed expansion phase over the past three years.

Ethereum’s $10K Path?

In its latest analysis, CryptoQuant explained that Bitcoin has already reflected this surge as it gained more than 130% since 2022 and has shown an unusually strong correlation of about 0.9 with M2. Ethereum, on the other hand, has risen only 15% in the same period, which is being described as a “liquidity lag.”

Despite this, on-chain data indicates that the gap may be narrowing. Exchange reserves for ETH have dropped to roughly 16.1 million, down more than 25% since 2022. This is a sharp reduction in selling pressure. Consistently negative netflows mean that investors are moving Ethereum into self-custody or staking contracts, which also points to tightening supply.

Meanwhile, the Coinbase Premium Index has flipped back into positive territory, amidst renewed interest from US institutions. CryptoQuant found that similar conditions in 2020 and 2021 preceded major Ethereum price surges.

Previous instances show that Ethereum tends to trail Bitcoin during the early stages of monetary easing cycles, but once BTC dominance falls below 60%, capital often rotates into altcoins, which drives gains in the ETH/BTC ratio. That trend now appears to be resurfacing, which hints that 2025 could represent a transformation from Bitcoin-led rallies to broader altcoin participation.

As such, Ethereum could realign with M2 growth, thereby pushing toward higher valuations if global liquidity expansion, as well as the structural decline in exchange reserves, continues. In such a scenario, the $10,000 target for ETH would not represent speculative excess but rather a natural result of liquidity rotation within the crypto market.

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“Quietly but steadily, the next liquidity wave may already be lifting Ethereum beneath the surface.”

Lightning Rally If $5,200 Breaks

The long-term view aligns with a perspective recently shared by Alphractal’s founder, Joao Wedson, who said that the immediate breakout of the crucial $5,200 level could trigger one of the fastest rallies in the asset’s history.

Institutional flows are already fueling confidence, as spot Ethereum ETFs purchased nearly $1.3 billion worth of ETH. BlackRock dominated the buying spree and accounted for over half the total with $691.7 million in purchases.

TL;DR

• Despite bleeding out lately, Ethereum continues to show bullish signals.
• Some analysts see recovery hinging on ETH reclaiming $4,200, while others lean bearish, eyeing a slide to $3,500 unless support holds.

Are the Bulls Coming Back?

Ethereum, which was at the forefront of gains this summer, briefly plunged below $4,000 earlier today (September 25) amid an ongoing red wave passing through the entire crypto market. It later surpassed the psychological level but remains 12% down on a weekly scale.

Despite the negative performance, three crucial factors signal that a resurgence could be on the way. The first one is the diminishing supply of ETH tokens stored on crypto exchanges. CryptoQuant’s data shows that today the figure has dropped to a nine-year low of around 16.3 million coins. 

This development indicates that many investors have switched from centralized platforms to self-custody solutions, which in turn reduces immediate selling pressure. 

Next in line is Ethereum’s Relative Strength Index (RSI). The technical analysis tool examines the asset’s recent price movements to indicate whether it has entered oversold or overbought territory. It ranges from 0 to 100, and readings below 30 suggest that the first scenario could be in play, which can result in a rally. As of press time, the RSI stands at roughly 22.

Last but not least, we will touch upon the latest whale activity that may also positively impact ETH’s valuation. X user ZYN revealed that ten new wallets have purchased over 200,000 tokens worth more than $800 million in the last 24 hours. 

Such actions reduce the amount of coins available on the open market and could be followed by a price pump (should demand remain constant or rise). Additionally, smaller players may view this as an encouraging sign and join the ecosystem by distributing fresh capital. 

The Analysts’ Take

According to X user Lennaert Snyder, Ethereum’s road to recovery goes through a crucial reclaim of $4,200.

“Watching that level for confirmation shorts and longs after the gain. Losing $3,900 support brings us to the $3,700 zone, holding that is key to maintain the weekly uptrend,” he argued.

The analyst, using the X moniker Ted, leaned more bearish for the short term. He predicted that ETH will most likely retest $3,800, which could result in a further downtrend to $3,500. On the other hand, if it holds this level, “a rally will happen.”

TL;DR

• Ethereum trades above $4,500 while targeting $4.88K, a key resistance for bullish breakout potential.
• The long-term chart shows ETH rebounding off a key trendline, following historical bullish price behavior.
• Over 2.6M ETH wait to unstake, showing increased network activity and long-term holder interest rising.

Ethereum Holds Above $4,500, Eyes Breakout Zone

Ethereum (ETH) was trading at $4,530 at press time, showing a 5% rise over the past seven days. Daily movement shows a slight drop of 2%, with a 24-hour trading volume of $33.6 billion. Despite minor short-term pullbacks, the asset has reclaimed the $4,500 level.

A long-term chart shared by Trader Tardigrade shows ETH continuing to follow an ascending structure that dates back to 2018. The asset has rebounded several times from the lower boundary of this formation, and each time, it has led to a sustained upward move. The most recent bounce from the lower trendline suggests that ETH could be repeating this pattern.

$ETH/weekly#Ethereum has begun the Bull Run pic.twitter.com/woYpa4Hdsm

— Trader Tardigrade (@TATrader_Alan) September 15, 2025

$4,880 Seen as Make-or-Break Level

Ethereum could be targeting the $4,800–$4,880 range. This area acted as resistance during earlier price cycles. If ETH manages to close above $4,880, analysts expect a further increase. This level has served as a barrier for buyers in past attempts.

Market analyst Nami explained,

Hey everyone, Ethereum’s consolidating into something serious.

We’ve reclaimed $4,500 cleanly, and now the pressure’s mounting around $4,800-$4,880 ,that zone isn’t just resistance, it’s the test of whether the next leg up can begin.

What I’m watching:
• If $ETH closes a… pic.twitter.com/kzIBCwOVao

— Nami (@Namiixbt) September 15, 2025

The current structure shows that pressure is building at this zone, and a daily close above it may open the door to higher price levels, especially if short positions are forced out.

The support zone between $4,200 and $4,400 has held during recent pullbacks. This area has absorbed selling pressure and helped ETH stabilize above $4,500. The price structure remains favorable as long as this range stays protected.

According to Nami, this support is “doing its job: protecting downside, absorbing dips.” Traders are also looking beyond price levels, tracking activity that may point to broader interest. These include market flows and signals from institutional players and funds.

Ethereum Exit Queue at Record High

Data from ValidatorQueue shows that more than 2.6 million ETH are now waiting to exit staking. As CryptoPotato reported, the current wait time to unstake has reached 45 days, the highest recorded so far. The spike began late last week and has stayed elevated.

In a recent report, CryptoQuant noted that ETH demand has shifted since the approval of spot ETFs. Ethereum is being treated more often as a long-term asset. This shift, along with on-chain growth, is seen as contributing to current momentum in the market.

Despite a brief pause in its trajectory, institutional appetite for Ethereum remains strong. In fact, a whopping $342 million worth of ETH has left a prominent cryptocurrency exchange.

Such movements of funds are typically expected to have a bullish impact on ETH’s price.

Supply Tightens

According to an update shared by Lookonchain, in just the past 10 hours, four newly created wallets withdrew a total of 78,229 ETH (which is worth approximately $342 million) from Kraken. Such large-scale movements from exchanges often signal that institutions are moving assets into cold storage, which reflects a long-term bullish stance.

Rising institutional accumulation reflects increasing faith in ETH’s long-term prospects as it trades above $4,430. By withdrawing significant amounts from exchanges, these investors limit circulating supply, thereby creating tighter liquidity conditions that could drive ETH prices higher if demand persists.

Amid these significant withdrawals, market experts are turning to technical indicators for clues on ETH’s next move.

Popular crypto analyst Ali Martinez, for one, observed that Ethereum is poised for a significant move, as he pointed to a Bollinger Bands squeeze as a technical setup for heightened volatility.

Meanwhile, another market commentator, Ted Pillows, stressed the importance of key price levels: a daily close above $4,500 could open the door for a new all-time high, while a rejection at this resistance might push Ethereum down to the $4,000-$4,100 range.

It is also important to note that Ethereum has surged ahead of Bitcoin across multiple fronts. Since early August, ETH captured 32.9% of spot market share versus BTC’s 32.6%, and even peaked at 41% in late August with $480 billion in spot volume. Futures momentum has been equally strong as it hit a record $3.08 trillion. Institutional appetite also remains high, with ETH ETFs drawing $10 billion in inflows this year and AUM reaching $25 billion.

But not all signals are aligned, as broader market data suggest Ethereum may face underlying pressures. Structural pressures remain that could temper ETH’s upward momentum.

Ethereum At a Crossroads

Matrixport’s recent report revealed that treasury companies have gone quiet and net asset values are hovering near 1, which could mean that investors are reluctant to pay a premium for these shares. Even Bitcoin treasury companies are experiencing sharp declines in NAVs, in line with broader risk-off sentiment among crypto treasuries.

On top of that, Ethereum’s trading volumes have plunged from $122 billion to just $41 billion, while futures open interest has barely budged. This divergence helps explain why ETH prices remain relatively steady, but with volumes drying up, leveraged longs face growing pressure, especially as high funding rates make holding these positions increasingly expensive.

The report warned that even a potential bullish catalyst, such as recent US inflation data or the upcoming FOMC meeting, may not fully offset the risks posed by thinning liquidity.

TL;DR

• Ethereum stablecoin liquidity hits $163.5B, with $99.1M revenue showing strong demand for blockspace.
• ETH trades sideways near $4,360, key resistance at $4,500, support zones at $4,200–$3,880.
• The accumulation map shows ETH near the “Steady” zone, historically linked to long-term investor positioning.

Stablecoin Liquidity and Network Revenue

Ethereum’s stablecoin supply has climbed to a record $163.5 billion in September 2025, up from $152 billion in August. The increase marks one of the strongest liquidity inflows to the network this year and supports activity across decentralized finance and trading platforms.

$ETH liquidity and strength building up

Stablecoin supply has climbed to $163.5B → record liquidity flowing into Ethereum

Network revenue over the last 180 days stands at $99.1M → strong fee capture

THE IMPACT ⬇️

More liquidity means higher trading activity, deeper DeFi… pic.twitter.com/4YNhaIr4jN

— Cipher X (@Cipher2X) September 10, 2025

Ethereum also generated $99.1 million in network revenue over the past 180 days. The figure reflects steady demand for blockspace as users continue to pay transaction fees. Analyst Cipher X commented,

“More liquidity means higher trading activity, deeper DeFi markets and stronger price support.”

Meanwhile, Ethereum remains the largest platform for DeFi, the total value locked standing at $90.9 billion. According to DefiLlama, this amount has slightly gone down in the last 24 hours, though overall levels are still close to yearly highs.

In addition, user movement is active. The network recorded 540,717 active addresses in one day alongside 64,794 new addresses. Daily transactions stood at 1.66 million, indicating a constant demand across applications such as lending, staking, and trading.

Trading Range and Market Outlook

ETH was trading at around $4,360 after nearly two weeks of sideways movement. Resistance sits at $4,500, with a potential move higher targeting $4,883. On the downside, support is seen between $4,200 and $4,100, with deeper levels at $4,060 and $3,880.

Crypto analyst Ted noted,

“Either Ethereum will reclaim $4,500, or a lower flush will happen. Don’t overtrade until there’s a definite direction.”

He also highlighted that Ethereum generated $1.4 million in fees yesterday, the highest among all blockchains.

Long-Term Accumulation Perspective

A fresh monthly MACD crossover has appeared on Ethereum’s chart, which some traders view as a long-term shift after extended consolidation. Merlijn The Trader called it a “monster ignition,” suggesting renewed momentum.

Merlijn also shared an accumulation map, showing ETH near $4,362 in the “Steady” band, just above “Still Cheap.” This area has historically aligned with accumulation phases for long-term holders and larger investors. The upper red zones, labeled “HODL” and “Take Profit,” have coincided in past cycles with retail-driven rallies and profit-taking.

ETHEREUM ACCUMULATION MAP LOADED

Retail panics in blue.
Whales load in green.

Right now $ETH sits where legends accumulate.
The red band? That’s where tourists FOMO in and whales dump on them.

The map is clear: accumulate when it’s quiet, not when it’s crowded. pic.twitter.com/GrTrKuA5m8

— Merlijn The Trader (@MerlijnTrader) September 9, 2025

With record liquidity, strong user activity, and technical signals aligning, Ethereum is at a point where its next move depends on whether price breaks above $4,500 or falls back toward lower support.

Data from Binance, the largest Ethereum reserve holder among exchanges, revealed that ETH supply on the platform declined while prices remained remarkably stable.

Between the second half of August and September 3, the Exchange Supply Ratio (ESR), which measures the proportion of ETH held on exchanges relative to total supply, fell sharply from 0.041 to below 0.037. This represents the largest drop observed in the period, occurring within just two weeks.

Despite this, Ethereum’s price held near local highs of approximately $4,400 and showed no sharp correction.

Ethereum Exodus

CryptoQuant analyst interprets this combination as a signal that investors are increasingly withdrawing ETH from Binance and instead favoring self-custody over exchange storage. The behavior points to growing market confidence and a potential reduction in readily available sellable supply, even as overall demand remains strong.

Historically, declining ESR coupled with price consolidation has led to upward price movements, as reduced exchange liquidity limits the ability of sellers to exert downward pressure. Current ESR levels have returned to figures last seen before June, which implies that previous profit-taking has largely been absorbed and that ETH is being reaccumulated into long-term wallets.

Market conditions further validate this bullish narrative. For instance, a decrease in leverage indicates less speculative pressure, stable funding rates suggest neutral sentiment in perpetual futures markets, and subdued activity from on-chain whales means that long-term holders are largely refraining from selling.

These factors indicate the beginning of a new bull phase, potentially driven by institutional participation rather than short-term speculation.

At the same time, on-chain analytics platform Lookonchain pointed to an aggressive wave of Ethereum accumulation by whales and institutions. In just the past two days, large players purchased a total of 218,750 ETH worth approximately $942.8 million.

Among the most notable buyers, Tom Lee’s Bitmine snapped up 69,603 ETH, equivalent to $300 million, sourcing the tokens directly from BitGo and Galaxy Digital. Meanwhile, five newly created wallets collectively acquired 102,455 ETH, roughly $441.6 million, from trading firm FalconX.

Ethereum Whales Return

As Ethereum eyes reclaiming $4,500, the altcoin has found strong backers in whales and sharks who have quietly built their positions this year. Santiment’s data shows wallets holding 1,000-100,000 ETH upped their reserves by 14% in five months, a buying streak that began at the $1,400-$1,800 range.

Altcoin Vector’s analysis further highlighted that between July and August, mega whales with 10,000+ ETH, alongside whales in the 1,000-10,000 cohort, added aggressively during ETH’s latest upward impulse. Analysts suggest this accumulation has been key in easing bearish pressures and supporting the asset’s rebound after last month’s choppy action near record highs.