TLDR
- ETH is trading around $4,340, comfortably above the critical $4,089-$4,283 support range
- Whales purchased over 450,000 ETH in the past week, continuing an accumulation trend that began in May
- Analysts target potential surge toward $7,000-$7,500 based on technical patterns
- Short-term holders have distributed over 500,000 ETH recently
- ETH broke above a descending triangle pattern and tested the $4,500 resistance level
Ethereum is showing strong market performance as it trades above $4,300, bolstered by significant buying from whale addresses despite ongoing distribution from smaller holders. The second-largest cryptocurrency has maintained its position above crucial support levels, with technical analysts pointing to potential higher targets in the coming months.
The price of Ethereum currently sits at $4,340, having successfully defended the important $4,089-$4,283 range that many traders watch closely. This price action comes as large holders with balances between 10,000-100,000 ETH have added over 450,000 ETH to their holdings in the past week alone.
This accumulation pattern from whales isn’t new – it’s been ongoing since May, creating sustained buying pressure for the asset. Corporate entities have also joined the buying activity, with BitMine Immersion and SharpLink Gaming adding approximately 202,500 ETH and 39,500 ETH to their treasuries, respectively.
Exchange reserves tell a similar story of increasing demand, with a decrease of 260,000 ETH since early September. When investors move their crypto off exchanges into private wallets, it typically signals intention for longer-term holding rather than immediate trading.
Accumulation addresses – wallets that have never sold ETH – have also shown steady buying over the past week, though not as aggressively as in August. This metric adds further evidence of underlying demand for the cryptocurrency.
Technical Analysis Points Higher
Ethereum’s price action has broken above a descending triangle pattern, a technical formation that often precedes significant moves. After breaking this pattern, ETH tested the $4,500 resistance level before experiencing a modest pullback.
The current price structure shows higher lows with solid momentum indicators. If ETH holds above the upper boundary trendline of the descending triangle, another test of the $4,500 resistance seems likely.
Market analyst Yusuf AYHAN maintains a bullish outlook, targeting $7,000-$7,500 for Ethereum, with an ambitious $11,000 projection if the current bull run accelerates. The ascending trendline supporting ETH’s price action remains intact, with increased trading volume following the reclamation of the $4,000 level.
From a risk management perspective, Ethereum maintains support at $4,089, with deeper safety nets at $2,000-$2,150 and $1,650-$1,850 if a more severe correction occurs.
#Ethereum Arkadaşlar eth beklentim ilk etapta 7000 7500k civarı her hangi bir değişiklik yok.Herkesin aklında ki altcoinlerde yükseliş olacak mı?Benim bekletilerimde hiçbir değişiklik yok yükselişi beklemeye devam ediyorum.Bu minvalde düşüş bekleyenler altpariteleri delist… https://t.co/oa8KsrV8Ef pic.twitter.com/RaGvVhL8mm
— Yusuf AYHAN (@ysufmrv) September 10, 2025
Small Holders Taking Profits
Despite the positive signals from large holders, not all market participants share the same outlook. Wallets holding between 100-10,000 ETH have distributed over 500,000 ETH in the past week, showing some profit-taking behavior from this segment.
The Mean Coin Age metric, which tracks the average age of coins in circulation, shows a falling slope – typically indicating distribution from investors who purchased ETH within the last 90 days.
On-chain activity metrics have also started to decline from previous weeks’ levels, with both active addresses and transaction counts dropping off.
The derivatives market shows mixed signals. Ethereum saw $64 million in futures liquidations over the past 24 hours, split almost equally between long positions ($31.6 million) and short positions ($32.5 million). The ETH futures net taker volume has reached a record low, suggesting many traders are positioning for a potential price decline.
If bearish momentum takes hold, Ethereum could fall toward $3,500 if it breaks below the 50-day Simple Moving Average and the $4,000-$4,100 support zone.
For now, Ethereum trades above $4,300, with whale accumulation and technical breakouts providing support against the selling pressure from smaller holders.
