📉 Price Action & Sentiment
Current Price: ~$4,289 (down 3.27% in 24h), breaking key support at $4,300 amid broader crypto pullback.
Market Sentiment: Short-term bearish due to selling pressure, but weekly gains (+4.5%) suggest underlying strength.
🐋 Whale & Institutional Activity
Whale Buying: Over 130K #ETH ($470M+) purchased recently, showing strong long-term bullish conviction.
ETF Inflows: $2.85B in ETH spot ETF inflows weekly, boosting institutional adoption.
📊 Technical Outlook
Support: $4,245 (bullish channel base). If it falls below $3,845, expect a steeper decline.
Resistance: $4,793–$4,900 (2021 ATH). Breaking this level could lead to a $5,000+ rally.
RSI: 66.86, near overbought, indicating potential consolidation before any upside.
⚖️ Catalysts & Risks
Bullish Drivers:
Layer 2 solutions (Arbitrum, Optimism) enhancing ETH’s utility.
Potential Fed rate cut (84.6% chance in September) could revive risk assets.
Risks: Regulatory uncertainty and spot traders taking profits.
💎 Short-Term Outlook
Volatility expected near ATH resistance ($4,900). If $4,245 holds, a rebound toward $5,500 is likely. A drop below support could push #ETH down to $3,355–$3,800.
📌 Key Levels
Resistance: $4,793–$4,900 (All-time high zone, breakout target)
Support 1: $4,245 (Bullish channel floor, rebound zone)
Support 2: $3,845 (Breakdown risk, accelerated decline)
Q4 Target: $15,000 (Whale-driven institutional forecast)
