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2d ago

Ethereum Holds Near $4,500 With Elevated Leverage Ahead of Fed Decision

Traders expect the Fed decision to be the near-term catalyst for a move out of the $4.4k–$4.5k range.

Ethereum steadies as sellers lurk: Can $4.5K hold for long?
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Overview

  • ETH trades around $4,490 and continues to defend the $4,400–$4,500 support band, with intraday resistance flagged near $4,680–$4,720, according to multiple market updates.
  • CoinGlass data show futures open interest at historically high levels, indicating heavy positioning that could magnify the next directional move.
  • On-chain readings are mixed, with CryptoQuant tracking roughly 128,000 ETH withdrawn from exchanges and a 108,000 rise in active addresses as reports cite whales selling about 90,000 ETH over 48 hours.
  • Institutional flows featured a reported BlackRock sale of 4,489 ETH on Sept. 17, a modest amount relative to its ETF holdings and overall market liquidity.
  • Technical signals include a 50/200-day bullish cross that has traders eyeing $5,000, while year-end calls diverge as Citi guides to $4,300 and Standard Chartered projects much higher levels.