Correction Coming in ETH: Should You Sell Ethereum?

Share IT
  • Price: ~$4,346.60 USD
  • Market Cap: ~$525 billion USD
  • 24-Hour Trading Volume: ~$30 billion USD
  • Circulating Supply: ~120.7 million ETH
  • Total Supply / Max Supply: Unlimited; issuance reduces gradually due to ETH burn (EIP-1559)

For on-demand analysis of any cryptocurrency, join our Telegram channel.

Ethereum Chart Analysis

Correction Coming in ETH: Should You Sell Ethereum?

Previously, the price made a new all-time high, followed by a 55% drop. Currently, it has once again reached a new all-time high and faced rejection from the main supply zone.

This suggests the possibility of another decline, similar to the previous move.

Forecast Indicators & Technical Signals

  • Support & Resistance Levels
    • Immediate support: ~$4,360
    • Potential downside zone: ~$4,300
    • Critical breakout resistance: ~$4,956
  • Short-Term and Medium-Term Targets
    • 1-week target: $4,850–$5,067 (+10% to +15%)
    • 1-month bias range: $4,200–$5,500
  • Technical Patterns
    • Bollinger Bands: ETH is around the mid-band, with room to push toward ~$4,867 upper band.
    • Moving Averages: ETH trades above the 50-day and 100-day EMAs.
    • Patterns: Broke above the “cup-and-handle” formation at ~$4,098, with long-term bullish potential up to ~$5,600+.
  • Chart Channels & RSI
    • Weekly outlook shows ETH inside a bullish correction channel. Possible test of ~$3,765 before pushing up toward ~$5,745.
  • Macro & Sentiment Metrics
    • NUPL (Net Unrealized Profit/Loss) for long-term holders is ~0.62, near profit-taking territory.
  • ETF & Institutional Inflows
    • Nearly $500 million entered ETH ETFs recently.
    • Over $3.8 billion inflows last month, total over $13.5 billion so far.
    • Institutional firms are steadily accumulating ETH.

Latest News Highlights

  • Ethereum fell about 7% on September 1, down to ~$4,380, in line with a broader crypto market pullback.
  • Some analysts expect short-term correction but remain optimistic about ETH’s long-term path.
  • ETH’s summer rally peaked near $4,955; analysts see potential to hit $7,000 by the end of 2025 if ETF inflows and adoption trends continue.
  • Institutional demand remains strong, with ETFs pulling billions in investments.
  • Ethereum has recently outperformed Bitcoin, rising over 50% versus Bitcoin’s ~10% gain, thanks to ETF optimism, regulatory clarity, and stablecoin growth.

Final Takeaway
Ethereum is in a healthy uptrend despite short-term dips. If it holds above $4,300 support, ETH could rally toward $5,000 in September and possibly $7,000 by the end of 2025.

For on-demand analysis of any cryptocurrency, join our Telegram channel.

Share IT
Harsh Panghal
Harsh Panghal

Get Daily Updates

Crypto News, NFTs and Market Updates

Can’t find what you’re looking for? Type below and hit enter!