ETH EYES $ 6.8,000 in the fourth trime

The main dishes to remember:

• About 1.7 million ETH ($ 7.5 billion) was accumulated between $ 4,300 and $ 4,400, creating solid support.

• Institutional demand increases while the CME open of interest reaches the heights of all time with dominant short -term deadlines.

• $ 4,500 remains essential for Ether, with an upward break, but $ 4,000 drops cannot be excluded.

Ether (Ethn) Continue to negotiate laterally between $ 4,500 and $ 4,200 this month, showing signs of discoloration. The lack of decisive purchase pressure indicates concerns about short -term weakness, but onchain data suggest that a deeper accumulation trend can be in progress.

Cryptocurrency data strengths A critical development around the area from $ 4,300 to $ 4,400. About 1.7 million ETH, or $ 7.5 billion, were absorbed by accumulation addresses at this level, with numerous withdrawals from centralized exchanges reflecting a medium cost base close to $ 4,300. This establishes an area of ​​strong interest which could serve as key support if the price again tests the lower levels.

Analysis of the exchange flow shows that the binance played an important role in this process, managing the largest outlets during the accumulation phase. Interesting, the addresses depositing ETH on Binance show an average cost base closer to $ 3,150, which suggests a divergent positioning between long -term holders and active traders.

Institutional flows also shape the current market. The open interest (OI) on CME has increased at peaks of all time, with a high concentration in short -term deadlines (one to three months).

Although this increases the risk of volatility around contractual expirations, this also indicates an aggressive institutional participation. The longer term deadlines (three to six months) are also built, reflecting stronger confidence in the Ether’s prospects.

With the ethn which is negotiated nearly $ 5,000, the Crypto Pelin analyst Ay note that the institutional request above and the positioning of the derivatives suggest more. Although the risks of liquidation remain high, the analyst maintains that the broader trend remains intact. Pelin said,

“I expect ETH to reach the level of resistance of $ 6,800 by the end of the year.”

Related: Latin American developers promote Ethereum and Polygon on new channels: report

$ 4,500 remain the level of key inflection for ether

From a technical point of view, the lower deadlines continue to show indecision for ether. The assets varied largely between $ 4,200 and $ 4,500 throughout September, while cryptographic assets like Bitcoin and Solana showed higher summits. This divergence indicates the rotation of short -term capital in other majors, although a decisive rupture greater than $ 4,500 can quickly return to the momentum towards ether.

However, the risk of lower liquidity sweeping remains high. The main levels of decline are around $ 4,200, with a significant order / request zone block between $ 4,000 and $ 4,100 positioned just below. If Ether’s prices’ action remains low in the fourth quarter, a drop to these areas is possible before any significant rupture greater than $ 4,500 materializes.

Crypto Trader Merlijn believes that the probability of an immediate rally remains higher because a key monthly indicator becomes green. The merchant said,,

“MacD has just returned green. 3 years of pressure rolled up and ready to explode. A monthly candle says a single word: bullish. Erase $ 4,500 and Ethereum becomes parabolic.

This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.