Key Takeaways:
ETH dips to $2,100–$2,200 could offer prime entry points, backed by historical support and institutional accumulation.
Spot ETH ETFs saw 154,000 ETH in inflows this week, with BlackRock holding 1.51 million ETH.
Despite near-term volatility, Q4 may bring a breakout driven by tokenization and year-end capital flows.
Ethereum Holds Key Support as Accumulation Grows
Ether (ETH) is trading around $2,538 after a volatile week, reaching a 15-week high of $2,879 before dropping to $2,433 — a 15% correction. Despite short-term weakness, long-term indicators suggest any return to the $2,100–$2,200 range may present a strong buying opportunity.
Ascending Channel Supports Long-Term Uptrend
On the weekly chart, ETH remains within an ascending channel, marked by consistent higher highs and lows. While a breakdown toward $2,100 is possible if sell pressure increases, the zone has historically served as multi-month support — most notably between late 2023 and August 2024.
Seasonal Weakness in Q3 Could Set Up Q4 Breakout
Historically, Q3 is Ether’s weakest quarter, averaging just 0.88% returns. In 2024, Q2 and Q1 posted losses of 24.19% and 13.64%, respectively. The summer slowdown may result in a dip — but also set the stage for a potential Q4 recovery, often driven by institutional rebalancing and year-end inflows.
Institutional Demand Signals Confidence in Ether
Spot ETH ETFs logged 154,000 ETH in inflows this week, 5x the recent weekly average, per Glassnode.
BlackRock, through its iShares Ethereum Trust (ETHA), has added over $500 million in ETH, now holding 1.51 million ETH ($3.87B).
Tokenized asset value on Ethereum has surpassed $5 billion, with major participation from firms like Apollo and BlackRock, according to Token Terminal.
These metrics indicate deepening institutional interest and a foundational shift in Ethereum’s role in global finance.
$2,100 ETH Looks Bullish for Long-Term Buyers
While Ether may face further near-term pressure, dips to the $2,100–$2,200 support zone are increasingly viewed as strategic accumulation opportunities. Institutional flows, ETF demand, and a growing tokenized asset base support a long-term bullish thesis — with the potential for a Q4 breakout into 2026, accoridng to Cointelegraph.
