Ethereum is locked in a tight contest between bulls and bears at the 20-day EMA ($4,378). The indicator has flattened out, while the RSI hovers near the midpoint — signaling a lack of clear momentum in either direction. On the development front, Ethereum’s largest testnet, Holešky, is set to be retired as part of a planned migration to the new Hoodi testnet, following persistent technical issues earlier this year. According to the Ethereum Foundation, Holešky will shut down two weeks after the Fusaka upgrade is finalized, which is tentatively scheduled for the second half of September.
ETHUSDT has demonstrated exceptional performance across multiple timeframes:
– 1 Week: +14.72%
– 1 Month: +45.04%
– 3 Months: +59.30%
– Year-to-Date: +27.89%
Ether gained 1.07% to reach $4,268.46 on Monday, testing critical resistance levels in line with broader institutional inflows rather than ETH-specific catalysts. Despite the modest daily gain, ETH derivatives remained robust, with futures premiums holding steady — a sign of sustained bullish sentiment. Meanwhile, macro uncertainty around upcoming U.S. inflation data and ongoing tariff discussions has led some investors to adopt a cautious stance, tempering aggressive risk-taking in the short term.
At the time of writing, ETH was trading at $4,368.
ETH, after taking support at $4,000, resumed its up move and made a new all-time high of $4,956. However, the asset did not break the psychological level of $5,000 and formed a ‘Doji’ candle at the top, indicating indecision in trend. Following this move, ETH witnessed some profit booking, and prices corrected by almost 15%, dropping to $4,210. The asset is consolidating and is trading in a range from $4,200 to $4,500 with declining volumes. ETH has strong support between $4,150 and $4,000, whereas $4,650 and $5,000 will act as strong resistance levels.
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