Ethereum (ETH) Price Prediction: Foundation Sale Sparks Market Debate
Ethereum price today is trading at $4,333, consolidating near the lower end of its descending channel. Traders are weighing technical signals, on-chain inflows, and cycle-based breakout patterns against news that the Ethereum Foundation will sell 10,000 ETH to fund ecosystem development.
Ethereum Price Holds Channel Support
The 1-hour chart shows ETH pinned inside a falling channel since late August. Support remains clustered around $4,250–$4,280, where repeated defenses have stalled sellers. Overhead resistance sits near $4,420, aligned with the 200-hour EMA. Clearing this threshold could trigger upside momentum toward $4,600 and $4,700, the next supply zones on the chart.
Related: Cardano (ADA) Price Prediction: Analysts Predict $0.92 Breakout
RSI readings hover around 49, indicating neutral momentum. The alignment of short-term EMAs just above spot levels continues to cap rallies, but flattening momentum suggests sellers are losing grip. A decisive push through $4,420 would flip near-term structure bullish.
Analysts Highlight Historical Breakout Patterns
Popular market strategist Mister Crypt…
The post Ethereum (ETH) Price Prediction: Foundation Sale Sparks Market Debate appeared first on Coin Edition.
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Ethereum (ETH) Price Prediction For September 12
Ethereum (ETH) Price Prediction: Foundation Sale Sparks Market Debate
Ethereum price today is trading at $4,333, consolidating near the lower end of its descending channel. Traders are weighing technical signals, on-chain inflows, and cycle-based breakout patterns against news that the Ethereum Foundation will sell 10,000 ETH to fund ecosystem development.
Ethereum Price Holds Channel Support
The 1-hour chart shows ETH pinned inside a falling channel since late August. Support remains clustered around $4,250–$4,280, where repeated defenses have stalled sellers. Overhead resistance sits near $4,420, aligned with the 200-hour EMA. Clearing this threshold could trigger upside momentum toward $4,600 and $4,700, the next supply zones on the chart.
Related: Cardano (ADA) Price Prediction: Analysts Predict $0.92 Breakout
RSI readings hover around 49, indicating neutral momentum. The alignment of short-term EMAs just above spot levels continues to cap rallies, but flattening momentum suggests sellers are losing grip. A decisive push through $4,420 would flip near-term structure bullish.
Analysts Highlight Historical Breakout Patterns
Popular market strategist Mister Crypt…
The post Ethereum (ETH) Price Prediction: Foundation Sale Sparks Market Debate appeared first on Coin Edition.
Read More