Overview
- ETH is consolidating above $4,150 and the 100‑hour simple moving average, with the hourly MACD strengthening and RSI holding above 50.
- Immediate resistance sits at $4,220–$4,250, then $4,275 and $4,320, with a clean break setting up potential moves toward $4,450–$4,500, according to the latest technical read.
- If the rally stalls, supports are noted at $4,150, $4,100, $4,050 and $4,000, with $3,880 below; some analysts caution a return to the $3,600–$3,800 band if $4,250 is not reclaimed.
- Several traders highlight a Power of Three setup that could precede an early‑October expansion phase, while forecasts such as Bluntz’s point to upside potential near $5,500.
- Flow data show accumulation by large buyers, including a BitMine‑linked wallet purchase of 25,369 ETH and a 4,985 ETH OKX withdrawal, alongside funding rates turning positive and Bit Digital planning a $100 million note largely for ETH purchases.