Overview

• ETH trades in the mid‑$4,400s with roughly $27.5 billion in 24‑hour volume, slipping about 1% on the day while holding weekly gains.
• Price sits below the 100‑hour simple moving average with a bearish MACD and an RSI under 50, reinforcing near‑term downward pressure.
• Traders flag $4,400 as pivotal support; a decisive break points to $4,320 and $4,250 next, with some analysts mapping deeper zones at $3,880, $3,500, and $3,200.
• Upside requires holding shallow pullbacks, which could reopen tests of $4,720–$4,880 and, if momentum rebuilds, potential targets around $5,600–$6,000.
• Analysts also watch for capital rotation into altcoins and note seasonal risk of a September pullback even as longer‑term bullish targets remain under discussion.