Overview

• ETH trades near $4,360 early Wednesday, sitting below $4,450 and the 100-hour simple moving average with a bearish trendline near $4,380.
• Key levels show resistance at $4,415 then $4,480, with support at $4,250–$4,220 and potential downside toward $4,165–$4,050 if support breaks.
• Analyst Klejdi Cuni reiterates a staged decline toward $4,081 after prior breakdowns below $4,490 and $4,300.
• U.S. spot Ether ETFs posted roughly $135 million in net outflows on Sept. 2 as on-chain trackers flagged large ETH transfers to exchanges.
• Market context points to Bitcoin-led direction, historically weak September seasonality, and policy uncertainty with inflation still above the Fed’s target.