Ethereum Holds Above $4,300 as $4,250 Support Becomes Crucial
- ETH holds steady above $4,300 with $4,250 emerging as the critical support level.
- Trading volume jumped 65%, reflecting stronger market activity.
- Analysts see parallels between ETH’s correction and Bitcoin’s 2020 cycle.
Ethereum is holding steady above the $4,300 mark, but the market’s attention is now fixated on a critical support level just below the current price: $4,250. While ETH trades at $4,357, analysts are pointing to the $4,250 zone as the key battlefield that will determine the next major trend.
A massive 65% surge in trading volume shows that big money is positioning for a decisive move, with compelling bull and bear cases now colliding.
What Makes the $4,250 Level So Important?
Crypto analyst Ali Martinez stated on X that $4,250 is a critical price floor for ETH. The technicals back this up: the 20-day and 50-day EMAs stand at $4,347 and $4,088 respectively, acting as major zones of support and resistance.
If ETH maintains momentum above the 20-day EMA, bulls will likely attempt to retest higher resistance le…
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Ethereum (ETH) Price Prediction For September 12
Ethereum Holds Above $4,300 as $4,250 Support Becomes Crucial
- ETH holds steady above $4,300 with $4,250 emerging as the critical support level.
- Trading volume jumped 65%, reflecting stronger market activity.
- Analysts see parallels between ETH’s correction and Bitcoin’s 2020 cycle.
Ethereum is holding steady above the $4,300 mark, but the market’s attention is now fixated on a critical support level just below the current price: $4,250. While ETH trades at $4,357, analysts are pointing to the $4,250 zone as the key battlefield that will determine the next major trend.
A massive 65% surge in trading volume shows that big money is positioning for a decisive move, with compelling bull and bear cases now colliding.
What Makes the $4,250 Level So Important?
Crypto analyst Ali Martinez stated on X that $4,250 is a critical price floor for ETH. The technicals back this up: the 20-day and 50-day EMAs stand at $4,347 and $4,088 respectively, acting as major zones of support and resistance.
If ETH maintains momentum above the 20-day EMA, bulls will likely attempt to retest higher resistance le…
The post Ethereum Holds Above $4,300 as $4,250 Support Becomes Crucial appeared first on Coin Edition.
Читать больше