Ethereum Price Prediction: ETH Tests $4,350 as Whales Stir Volatility Ahead of September
Ethereum’s price today is around $4,355, which is a little lower than it was after a rough August when it kept going back and forth between $4,200 support and $4,800 resistance. The market is moving up inside a channel, and traders are divided on whether the next big move will be a breakout or a correction.
Recent data shows how fragile the balance is. Whale flows show that there is still a lot of selling pressure, with $12.8 million in net outflows on August 30. Leveraged positions near $4,200 are also at risk of cascading liquidations. At the same time, $27.6 billion in ETF inflows and more institutional staking show that there is structural demand.
This clash between short-term volatility and long-term resilience will define the September outlook. Ethereum’s next move hinges on whether bulls can defend key supports or if sellers drive a deeper retracement.
Ethereum Price Holds Channel Support as Indicators Tighten
Ethereum price action remains within an ascending channel that has guided the uptrend since July. Support is layered around $4,200, with resistance capping upside near $4,800. The midpoint of the channel…
The post Ethereum Price Prediction: ETH Tests $4,350 as Whales Stir Volatility Ahead of September appeared first on Coin Edition.
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Ethereum Price Prediction: ETH Tests $4,350 as Whales Stir Volatility Ahead of September
Ethereum’s price today is around $4,355, which is a little lower than it was after a rough August when it kept going back and forth between $4,200 support and $4,800 resistance. The market is moving up inside a channel, and traders are divided on whether the next big move will be a breakout or a correction.
Recent data shows how fragile the balance is. Whale flows show that there is still a lot of selling pressure, with $12.8 million in net outflows on August 30. Leveraged positions near $4,200 are also at risk of cascading liquidations. At the same time, $27.6 billion in ETF inflows and more institutional staking show that there is structural demand.
This clash between short-term volatility and long-term resilience will define the September outlook. Ethereum’s next move hinges on whether bulls can defend key supports or if sellers drive a deeper retracement.
Ethereum Price Holds Channel Support as Indicators Tighten
Ethereum price action remains within an ascending channel that has guided the uptrend since July. Support is layered around $4,200, with resistance capping upside near $4,800. The midpoint of the channel…
The post Ethereum Price Prediction: ETH Tests $4,350 as Whales Stir Volatility Ahead of September appeared first on Coin Edition.
Read More
Corporate Treasuries and ETFs Now Control Nearly 8% of Ethereum’s Supply