ETH Slips Below Key Support
The post ETH Slips Below Key Support appeared on BitcoinEthereumNews.com. Ethereum price today trades near $4,031 after breaking below the $4,239–$4,360 EMA support cluster. Net outflows of $175M show profit-taking, but exchange balances drop to nine-year lows at 14.8M ETH. Long-term supply squeeze supports a bullish thesis, with upside targets at $4,712 and $5,000. Ethereum price today is trading near $4,031, slipping almost 3% after losing the $4,239–$4,360 support cluster. The breakdown has put sellers in control, though shrinking exchange supply and long-term accumulation trends suggest the downside may be limited. Ethereum Price Breaks Below EMA Support ETH Price Breaks Key Support Zone (Source: TradingView) Ethereum daily chart shows ETH falling below the 20- and 50-day EMAs, which are now acting as resistance near $4,239 and $4,360. Price has also dipped beneath the ascending trendline that supported the rally since July, confirming a shift in momentum. The next major support sits around $3,850, where the 100-day EMA aligns with previous demand zones. If this level fails, deeper losses toward $3,392, the 200-day EMA, could unfold. On the upside, buyers must reclaim $4,239–$4,360 to reestablish bullish momentum, with $4,712 and $5,000 remaining the larger resistance targets. Related: XRP Price Prediction: Can SEC ETF Approval Spark A Rebound Above $3? Momentum indicators are tilting bearish. The Parabolic SAR has flipped above price action, while RSI is slipping toward neutral territory, signaling that bulls are losing control after months of higher highs. On-Chain Flows Show Heavy Outflows ETH Netflows (Source: Coinglass) Exchange flow data highlights renewed selling pressure. ETH recorded a $175 million net outflow on September 25, aligning with the pullback from $4,200 levels. Persistent redprints on netflow charts throughout September reflect rising exchange deposits and profit-taking. However, the broader picture remains constructive. According to Glassnode, Ethereum supply on exchanges has dropped to a nine-year low of 14.8 million ETH, underscoring the…
The post ETH Slips Below Key Support appeared on BitcoinEthereumNews.com.
Ethereum price today trades near $4,031 after breaking below the $4,239–$4,360 EMA support cluster. Net outflows of $175M show profit-taking, but exchange balances drop to nine-year lows at 14.8M ETH. Long-term supply squeeze supports a bullish thesis, with upside targets at $4,712 and $5,000. Ethereum price today is trading near $4,031, slipping almost 3% after losing the $4,239–$4,360 support cluster. The breakdown has put sellers in control, though shrinking exchange supply and long-term accumulation trends suggest the downside may be limited. Ethereum Price Breaks Below EMA Support ETH Price Breaks Key Support Zone (Source: TradingView) Ethereum daily chart shows ETH falling below the 20- and 50-day EMAs, which are now acting as resistance near $4,239 and $4,360. Price has also dipped beneath the ascending trendline that supported the rally since July, confirming a shift in momentum. The next major support sits around $3,850, where the 100-day EMA aligns with previous demand zones. If this level fails, deeper losses toward $3,392, the 200-day EMA, could unfold. On the upside, buyers must reclaim $4,239–$4,360 to reestablish bullish momentum, with $4,712 and $5,000 remaining the larger resistance targets. Related: XRP Price Prediction: Can SEC ETF Approval Spark A Rebound Above $3? Momentum indicators are tilting bearish. The Parabolic SAR has flipped above price action, while RSI is slipping toward neutral territory, signaling that bulls are losing control after months of higher highs. On-Chain Flows Show Heavy Outflows ETH Netflows (Source: Coinglass) Exchange flow data highlights renewed selling pressure. ETH recorded a $175 million net outflow on September 25, aligning with the pullback from $4,200 levels. Persistent redprints on netflow charts throughout September reflect rising exchange deposits and profit-taking. However, the broader picture remains constructive. According to Glassnode, Ethereum supply on exchanges has dropped to a nine-year low of 14.8 million ETH, underscoring the…
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