Key Takeaways

What’s putting pressure on Ethereum’s liquid supply?

Ethereum institutional stacking and 1.3 million ETH queued for staking are tightening the float, reinforcing $4.5k as key support.

Could ETH regain momentum for Q4?

If bulls flip $4.5k into a strong base, a July-style run toward $4.7k by year-end is possible, supported by Grayscale’s 890k ETH lockup and ETF inflows.

Ethereum’s [ETH] $5k target appears to be slipping further out of reach.

Since its mid-August ATH of $4.9k, ETH has twice rejected $4.8k, forming a short-term resistance zone.

On-chain, the ETH/BTC ratio has been grinding sideways around 0.036, showing no relative strength versus Bitcoin [BTC].

In short, the kind of momentum and rotational flows that fueled ETH’s June-August 70%+ ramp to ATH aren’t showing up now, creating a notable divergence. Could this mean Ethereum’s Q4 run is losing steam?

Ethereum’s next move depends on a solid base

Ethereum’s structural resilience is getting put to the test.

In under 72 hours, ETH has pulled back 2.7% from $4,756, marking its second rejection at the $4.8k ceiling. Previously, ETH topped at $4,766 on the 13th of September, which triggered a 20% pullback over two weeks.

In fact, this unfolded as ETH’s weakest cycle in three months. Bulls failed to flip $4.5k into a reliable floor, dragging price back to early August levels. To avoid another shakeout, ETH needs to ignite a July-style rebound.

Back then, ETH flipped $2.4k into support, fu

Go to Source to See Full Article
Author: Ritika Gupta