The post Ethereum Price Prediction – $4,096 Breakout or Pullback to $3,525? appeared first on Coinpedia Fintech News
Ethereum has seen an explosive price rally over the past week, gaining over 22% to touch a high near $3,856. However, the recent 24-hour dip of 4.18% has raised questions about short-term momentum. While there are jitters, spurred by regulatory uncertainty and ETF outflows, Ethereum’s fundamentals and onchain data suggest this could be a healthy cooldown rather than a trend reversal. Curious about ETH’s next milestone? Read this short-term ETH price analysis for targets.
Strategic Holding Amid Sell Pressure
According to Glassnode’s Cost Basis Distribution Heatmap, a large cohort of ETH investors who accumulated around the $2,520 level have begun booking profits. This is evidenced by the fading red bands from early July. Despite this, nearly 2 million ETH from this group remains unmoved. The platform reveals three critical insights:
- Holders are locking in partial gains, not exiting entirely.
- The remaining position shows continued belief in further upside.
- New buyers are absorbing the selling pressure, suggesting growing demand.
This distribution behavior underlines a maturing investor base using rallies to rebalance, while also trusting ETH’s medium-term outlook.
Ethereum Price Analysis
Ethereum price is currently changing hands at $3,635, with a -4.18% pullback in the last 24 hours. The RSI has dipped from the overbought zone of 70 to 51, indicating waning momentum. The price has also broken below the 20-period EMA on the 4-hour chart, a sign of short-term bearish pressure.
Key support is seen at $3,550, a potential bounce zone. A failure here may expose ETH to further downside toward the $3,525 level. On the upside, the Ethereum price needs to reclaim the resistance at $3,870 for any hopes of retesting the $4,096 mark.
FAQs
Bitcoin ETF outflows, profit-taking after a sharp ETH rally, and regulatory uncertainty have led to the ETH price going down today.
Yes, onchain data shows large holders retaining positions, suggesting confidence in long-term upside despite near-term corrections.
While the support for ETH is at $3,550 and $3,525, the resistance is at $3,870 and the critical breakout level is at $4,096.
