Overview

• ETH fell to roughly $4,329–$4,414 on Oct. 9 after failing to clear the $4,600–$4,700 zone and is trading below $4,550 and the 100-hour moving average.
• Short‑term momentum has weakened, and a breakdown through $4,460–$4,420 could expose $4,320 followed by $4,250 and $4,150 supports.
• Near‑term resistance sits at $4,520–$4,620, with the prior all‑time high near $4,952 viewed as the key trigger for a potential next leg higher.
• Chart watchers note a weekly bull‑flag pattern and a daily golden cross, signals that support a continuation thesis if price confirms a breakout.
• CryptoQuant data cited by AMBCrypto show sustained Binance net outflows since July, suggesting tighter spot supply that could magnify upside if demand returns.