Overview

• ETH traded around $4,500 after a failed push near $4,763 and an intraday low near $4,469, with Brave New Coin showing $4,509 late Tuesday.
• CryptoQuant data pointed to weaker perpetual activity and modest positive funding (~0.011), plus four days of positive exchange netflows totaling 13.9K that raise long‑squeeze risk.
• Analysts flag $4,880 as the decisive resistance for a potential run toward $5,000, while a break below roughly $4,400 could open $4,200 and then the $4,000–$3,800 zone.
• Institutional participation remained firm, with $638 million of ETF net inflows during Sept. 8–12 and cumulative flows above $13.3 billion, alongside more than 28 million ETH staked.
• Forecasts diverge: Citi’s base case targets $4,300 by year‑end with a bear case at $2,200, while other outlooks range higher, including Fundstrat’s $5,500 near‑term call and Standard Chartered’s longer‑term $7,500 for 2025.