Overview

• ETH is consolidating around $4,500–$4,600 in a bullish setup, with analysts flagging $4,700–$4,955 as the decision zone for the next leg.
• CryptoQuant data show exchange balances near 16.9 million ETH, a multi-year low that implies reduced immediate selling pressure.
• Wallets holding 10,000–100,000 ETH now sit on unrealized gains last seen in November 2021, heightening the risk of profit-taking.
• Some reports cite large-holder purchases of roughly 820,000 ETH in 72 hours, a signal of accumulation that carries limited source attribution.
• Price models and analyst views point to a move toward $5,000–$5,100 on a clean breakout with confirming volume, with rejection likely to extend consolidation or prompt a pullback.