English
15800
|
Ethereum price is trading near $4,298 today, consolidating in a tightening symmetrical triangle on the 4-hours chart. Support is near $4,250 and resistance is at $4,370. This means that ETH is at a critical point to either break out or fall further. Ethereum price compresses in triangle structure  ETH Price Prediction Ethereum price action shows that it has repeatedly held the $4,250 area, with the 200-day moving average coinciding with trendline support. Above, the 20-day moving average is near $4,312 and the 50-day moving average is near $4,351, continuing to limit gains and form a tight trading range. The RSI is near 46, which means the momentum is low and the direction is unclear. If buyers push the price above $4,370, the next targets are $4,500 and $4,700. If the price fails to sustain above $4,250, a drop to $4,100 is possible, or even $3,900 if the selling pressure intensifies. Analysts compare cyclical patterns to Bitcoin  Market strategists emphasized that Ethereum’s trend is consistent with Bitcoin’s past cycle structure. He pointed out that Bitcoin corrected nearly 20% after hitting its previous all-time high before resuming its upward trend. Following this logic, Ethereum may retest the $3,800-3,900 range before setting new highs. This cycle-based analysis adds caution to traders betting on short-term gains. The weekly chart also shows that ETH is approaching the upper boundary of the multi-year wedge, which makes the $4,300-4,400 area a key pivot for long-term positions. Fund outflows signal investor caution  ETH net flow On-chain data shows that on September 8, $31.9 million in funds flowed out of the network, which means that holders moved ETH out of the exchange. Sustained outflows could mean an accumulation of funds, but they could also mean a lack of liquidity needed for a short-term rally. Since the end of August, spot capital flows have been volatile, with inflows and outflows alternating. Analysts warn that without sustained inflows of more than $50 million to $100 million, ETH may lack the momentum to achieve a decisive breakthrough in the short term. Technical Outlook for Ethereum Price The key resistance is at $4,370, followed by $4,500 and $4,700. Support is found at $4,250 and $4,100, and if sellers regain control, the risk will expand further to $3,800. The RSI and EMA clusters show that price is in a compression phase, indicating that volatility is about to expand. Confirmation of a move above $4,370 would bolster bullish confidence, while a loss of $4,250 could extend the consolidation or trigger a pullback. Outlook: Will Ethereum Rise? Ethereum’s short-term direction depends on whether buyers can hold $4,250 while breaking resistance near $4,370. Analysts are divided on this, with cycle comparisons suggesting a pullback is possible, but broader adoption trends support a longer-term bull market. As long as ETH remains above $3,800, the structure favors an eventual rise. Traders should pay close attention to volume confirmation of any breakout attempts, as September could determine whether Ethereum rises to $5,000 or pulls back before resuming the uptrend. If you want to seize the current crypto market, it is definitely too late to learn and sell now. It is best to have someone who can help you get started quickly. Scan the QR code below to join the follow-up learning group! ! ! (If the QR code below cannot be added, please go to the official account to get the latest QR code)  [Disclaimer] There are risks in the market, so investment needs to be cautious. This article does not constitute investment advice, and users should consider whether any opinions, views or conclusions contained in this article are appropriate for their particular circumstances. Invest accordingly and do so at your own risk.  Keep up with the strategy in real time, come on! |
|
|
|
|
|
