The price of Ethereum has returned above $4,400 after several weeks of fluctuation, showing strong rebound momentum. This rebound is mainly attributed to two factors: first, on-chain data shows that funds are accumulating, particularly with Wall Street investment firm The Ether Machine significantly increasing its holdings by 150,000 ETH; second, technical analysis indicates that Ethereum has held its key support level. Although the Ethereum Foundation's plan to sell 10,000 ETH brings some uncertainty, analysts generally believe that this has minimal impact compared to the growing institutional demand and bullish cycle pattern, remaining optimistic about its long-term prospects, with some opinions even suggesting that ETH could potentially break the $10,000 mark in the future.
Ethereum Today's Price: Holding Key Support Level
After several days of volatile trading, Ethereum's price is consolidating around $4,400 today, with traders closely watching whether this second-largest cryptocurrency can maintain its momentum above that level. As of the time of writing, the ETH trading price is approximately $4,361, holding above the key support level between $4,220 and $4,280. Analysts emphasize that holding this region is crucial for Ethereum's short-term outlook.
The technical indicators show a mixed picture. The Relative Strength Index (RSI) hovers around 48, indicating neutral momentum, while the 50-day and 100-day Exponential Moving Averages (EMA) cluster around $4,450, limiting short-term upside potential. A decisive breakout above this resistance level could push the price up to $4,600 and $4,700. Conversely, if it fails to hold above $4,220, it may fall back to $4,000.
In addition to Technical Analysis, institutional activity has also added weight to the bullish predictions for Ethereum prices. The Wall Street-backed investment firm The Ether Machine recently announced the purchase of 150,000 ETH, bringing its total holdings to nearly 500,000 ETH, worth $2.19 billion.
This increase in holdings comes at a time when the market demand for Ethereum ETFs is continuously rising. According to CoinShares, the current assets under management for Ethereum ETFs have reached 37.9 billion USD. Analysts believe that such capital inflows highlight Ethereum's status as a favored asset among institutional investors.
Analyst Simon Chandler commented on this trend, stating: "The fundamentals of Ethereum remain strong, and institutional investors continue to view it as a long-term investment. These purchasing behaviors strongly indicate that smart investors are preparing for higher valuations."
Ethereum Foundation Sale Sparks Market Controversy
The Ethereum Foundation has confirmed plans to sell 10,000 ETH (approximately $43 million) to fund research, grants, and ecosystem development, which complicates the market outlook. While some traders view this as a bearish catalyst, others believe that the scale of the sale is relatively small compared to Ethereum's daily trading volume.
Market strategist Mister Crypto stated that this sale is unlikely to undermine the broader bullish pattern: "Every cycle is the same for Ethereum. This time will be no exception," he said, comparing it to historical wedge breakouts prior to major rebounds.
On-chain data shows that funds are accumulating
On-chain capital flows further support the bullish sentiment. The latest data from Coinglass shows that on September 3rd, Ethereum had a net inflow of $31 million, indicating that after several weeks of outflows, capital is starting to accumulate again. Funds withdrawn from exchanges usually indicate that investors are moving assets to private wallets for long-term holding.
However, analysts warn that macroeconomic factors (including US interest rate expectations and a stronger dollar) are still affecting sentiment in the cryptocurrency market. Continuous inflows exceeding $50 million are needed to boost market confidence.
Ethereum Price Prediction: Can Ethereum Break Through $10,000?
(Driven by significant institutional buying and strong bullish momentum, Ethereum is expected to rise to $10,000)
The trend of Ethereum is still closely related to whether the bulls can recover higher resistance levels. A breakout above $4,450 may confirm a breakout above $4,700 in the short term, while macroeconomic favorable factors such as a potential interest rate cut by the Federal Reserve may add momentum for a broader rebound.
Some analysts even believe that if institutional funds flow in and ETF approvals accelerate, Ether may return to the historical high around $4,900 and further surge towards $10,000.
As @LordOfAlts said: "$10,000 will come faster than you think - and then it will just continue to rise."
Conclusion
Currently, Ethereum's firm support at $4,400, continuous institutional accumulation, and bullish cycle patterns keep the market optimistic. The coming weeks will determine whether ETH can convert these signals into a decisive breakthrough or continue to consolidate - the current crypto market urgently needs a new round of momentum, which may come from Ethereum. Let's wait and see.
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Ethereum Price Prediction: ETH Returns Above $4400, Aiming for $10000
The price of Ethereum has returned above $4,400 after several weeks of fluctuation, showing strong rebound momentum. This rebound is mainly attributed to two factors: first, on-chain data shows that funds are accumulating, particularly with Wall Street investment firm The Ether Machine significantly increasing its holdings by 150,000 ETH; second, technical analysis indicates that Ethereum has held its key support level. Although the Ethereum Foundation's plan to sell 10,000 ETH brings some uncertainty, analysts generally believe that this has minimal impact compared to the growing institutional demand and bullish cycle pattern, remaining optimistic about its long-term prospects, with some opinions even suggesting that ETH could potentially break the $10,000 mark in the future.
Ethereum Today's Price: Holding Key Support Level
After several days of volatile trading, Ethereum's price is consolidating around $4,400 today, with traders closely watching whether this second-largest cryptocurrency can maintain its momentum above that level. As of the time of writing, the ETH trading price is approximately $4,361, holding above the key support level between $4,220 and $4,280. Analysts emphasize that holding this region is crucial for Ethereum's short-term outlook.
The technical indicators show a mixed picture. The Relative Strength Index (RSI) hovers around 48, indicating neutral momentum, while the 50-day and 100-day Exponential Moving Averages (EMA) cluster around $4,450, limiting short-term upside potential. A decisive breakout above this resistance level could push the price up to $4,600 and $4,700. Conversely, if it fails to hold above $4,220, it may fall back to $4,000.
Institutional Accumulation Strengthens Bullish Reasons
In addition to Technical Analysis, institutional activity has also added weight to the bullish predictions for Ethereum prices. The Wall Street-backed investment firm The Ether Machine recently announced the purchase of 150,000 ETH, bringing its total holdings to nearly 500,000 ETH, worth $2.19 billion.
This increase in holdings comes at a time when the market demand for Ethereum ETFs is continuously rising. According to CoinShares, the current assets under management for Ethereum ETFs have reached 37.9 billion USD. Analysts believe that such capital inflows highlight Ethereum's status as a favored asset among institutional investors.
Analyst Simon Chandler commented on this trend, stating: "The fundamentals of Ethereum remain strong, and institutional investors continue to view it as a long-term investment. These purchasing behaviors strongly indicate that smart investors are preparing for higher valuations."
Ethereum Foundation Sale Sparks Market Controversy
The Ethereum Foundation has confirmed plans to sell 10,000 ETH (approximately $43 million) to fund research, grants, and ecosystem development, which complicates the market outlook. While some traders view this as a bearish catalyst, others believe that the scale of the sale is relatively small compared to Ethereum's daily trading volume.
Market strategist Mister Crypto stated that this sale is unlikely to undermine the broader bullish pattern: "Every cycle is the same for Ethereum. This time will be no exception," he said, comparing it to historical wedge breakouts prior to major rebounds.
On-chain data shows that funds are accumulating
On-chain capital flows further support the bullish sentiment. The latest data from Coinglass shows that on September 3rd, Ethereum had a net inflow of $31 million, indicating that after several weeks of outflows, capital is starting to accumulate again. Funds withdrawn from exchanges usually indicate that investors are moving assets to private wallets for long-term holding.
However, analysts warn that macroeconomic factors (including US interest rate expectations and a stronger dollar) are still affecting sentiment in the cryptocurrency market. Continuous inflows exceeding $50 million are needed to boost market confidence.
Ethereum Price Prediction: Can Ethereum Break Through $10,000?
(Driven by significant institutional buying and strong bullish momentum, Ethereum is expected to rise to $10,000)
The trend of Ethereum is still closely related to whether the bulls can recover higher resistance levels. A breakout above $4,450 may confirm a breakout above $4,700 in the short term, while macroeconomic favorable factors such as a potential interest rate cut by the Federal Reserve may add momentum for a broader rebound.
Some analysts even believe that if institutional funds flow in and ETF approvals accelerate, Ether may return to the historical high around $4,900 and further surge towards $10,000.
As @LordOfAlts said: "$10,000 will come faster than you think - and then it will just continue to rise."
Conclusion
Currently, Ethereum's firm support at $4,400, continuous institutional accumulation, and bullish cycle patterns keep the market optimistic. The coming weeks will determine whether ETH can convert these signals into a decisive breakthrough or continue to consolidate - the current crypto market urgently needs a new round of momentum, which may come from Ethereum. Let's wait and see.