Ethereum is trading around $4,469 down 7% over the past week and 12% from its August 25 all-time high of $4,946. Profit-taking by whales, ETF outflows, and historically weak September performance are converging to create selling pressure.
📊 Key Drivers & Market Signals
• Whale activity: Large holders moved 7,500 ETH and 2,585 ETH to exchanges in the last 48 hours, signaling profit-taking.
• ETF flows: U.S. spot Ether ETFs saw $135M in outflows on September 2, contrasting with $300M inflows into Bitcoin ETFs.
• Seasonal trend: September historically pulls crypto lower (“Red September”), as investors rebalance portfolios after summer rallies.
• Technical note: ETH retraced from its August highs, consolidating near $4,360 support; key psychological levels to watch are $4,300 and $4,200.
⚫️ $ETH remains vulnerable short-term, but strong support exists at $4,300–$4,200. Break above $4,500 could reignite momentum toward $4,800–$5,000. For traders:
• Entry: $4,250–$4,350
• Target: $4,800 → $5,000
• Stop-loss: below $4,150
Ethereum is positioning for its next leg - cautious but bullish🔥
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