Current Price: $4,591.9 (-3.12%)
Ethereum is holding its ground above the key $4,500 support, showing resilience as it continues to form higher lows within a rising channel. Despite the recent dip, momentum remains bullish, and the setup points toward a potential move to $5,200 in the coming sessions.
📊 Technical Snapshot
Support Locked: $4,500 breakout level now acting as fresh support
Trend: Higher lows structure, signaling buyers remain in contro
Channel: Price action geometry favors continuation to the upside
💡 Fundamental Tailwinds
ETF Demand: August saw $1.1B inflows into ETH ETFs, reflecting strong institutional appetite
Futures Activity: CME ETH futures volumes have surged to multi-month highs, showing renewed market confidence
🎯 Trade Perspective
Long Bias: Above $4,500 support
Target: $5,200 medium-ter
Risk Management: Invalidation below $4,400
✨ With institutional flows surging and technicals aligning, Ethereum’s bullish outlook remains intact. The path toward $5,200 is alive and well — momentum favors the bulls.
👉 What’s your take? Is ETH ready to break new ground, or will $4,500 be tested again?
