- Ethereum price holds $4,500 support as buyers defend against repeated tests of the $4,800–$4,880 resistance wall.
- Analysts highlight supercycle potential with institutional accumulation and Q3 returns fueling bullish momentum.
- On-chain data shows $19.2M net outflow, reinforcing supply squeeze that supports the bullish case above $4,500.
Ethereum price today is trading near $4,528, stabilizing after a sharp pullback from last week’s $4,800 test. Buyers continue to defend the $4,500 zone, but the market now faces a decisive barrier at $4,800–$4,880. Analysts argue that a clean break above this wall could unlock the next phase of the rally.
Ethereum Price Defends $4,500 Support
The 4-hour chart shows ETH consolidating above $4,500 after testing lows near $4,493 earlier today. The 20-EMA at $4,512 and the 50-EMA at $4,462 have become immediate support, reinforcing the floor. A failure here could expose ETH to the 200-EMA at $4,350, where the broader bullish structure would face its first major test.
Related: Cardano (ADA) Price Prediction For September 17
Overhead, resistance is stacked between $4,800 and $4,880. This zone has rejected price multiple times and now represents the gateway to a larger advance. Clearing it would open the path toward $5,000, followed by $5,120, the next key supply area.
The Parabolic SAR currently trails above spot levels, reflecting short-term bearish pressure. However, momentum remains constructive as long as ETH holds above $4,500, keeping the bullish cycle intact.
Analysts Highlight Supercycle Potential
Market sentiment has turned notably bullish after Tom Lee, chairman of $9 billion BitMine Immersion (BMNR), said they have been adding Ethereum exposure. “Ethereum is entering a supercycle,” Lee stated, suggesting structural drivers such as institutional adoption and supply constraints could extend the rally.
This aligns with broader analyst commentary pointing to $4,880 as the key inflection point. If breached, many expect ETH to not just retest all-time highs but potentially accelerate toward new cycle targets.
Related: XRP (XRP) Price Prediction For September 17
Adding fuel, Crypto Rover noted on X that Q3 2025 marked Ethereum’s best quarter on record, with an 84.3% return. Such historical performance has sparked calls for ETH to extend toward $10,000 if momentum persists into Q4.
On-Chain Flows Show Supply Drain
Spot exchange data underscores the bullish thesis. ETH recorded a net outflow of $19.2 million on September 16, continuing a multi-week trend of coins leaving exchanges. Sustained negative netflows indicate reduced sell-side pressure, as tokens move into cold storage or institutional custody.
This supply squeeze has historically been a reliable tailwind during strong rallies. Unless flows reverse into heavy inflows, the current drain suggests buyers remain in control of the broader trend.
Technical Outlook For Ethereum Price
The immediate roadmap centers on $4,500 support and $4,800 resistance. Holding above $4,500 keeps the bullish bias intact, with targets at $4,880 and $5,000. A clean breakout there could trigger momentum toward $5,120, and potentially extend toward $5,300 if buying accelerates.
Related: Bitcoin (BTC) Price Prediction For September 17
On the downside, losing $4,500 risks a retest of $4,350. A break below this level would mark a shift in short-term structure, exposing ETH to $4,200, where buyers last staged a strong defense.
Outlook: Will Ethereum Go Up?
Ethereum price today reflects a market in consolidation, with technical compression building beneath a major resistance wall. The combination of negative netflows, strong quarterly returns, and institutional accumulation has analysts leaning bullish.
As long as ETH holds above $4,500, the probability favors another attempt at $4,880. A successful breakout could validate the supercycle thesis and set the stage for a push toward $5,000 and beyond. Failure to hold support, however, would delay the bullish narrative and risk a deeper correction into the $4,200 zone.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
