Ethereum Price Prediction: Hold or Fall to $4,250 Next?

Ethereum Price Analysis: Will ETH Hold the $4,250 Support Zone?

Ethereum price has entered a mild consolidation phase following a brief market cooldown. Institutional appetite remains strong, with Grayscale reportedly staking $5.1 billion in Ethereum, underscoring deep confidence in the asset’s long-term potential. Despite recent volatility, ETH continues to trade above key support levels as bulls and bears wrestle for control, suggesting the market may be coiling up for its next decisive move.

Ethereum at a Crucial Turning Point as Analysts Watch $4,250 Support Level

Crypto analyst pointed out that the Ether price has hit an important support level, and this could be a decisive point of the short-term movement of the cryptocurrency. 

Analysts believe that the price may fall back to $4,250 in case the ETH price does not stay within this range. Nevertheless, a recovery can still be achieved in case the buyers can hold the ground.

The chart represents the current trading area of ETH, and there is a possible downside limit of the trading range at the levels of about 4,250 and 4,060. 

Resistance is observed on the upside of about $4,752 and $4,956, where there might be a force of sales in case of a recovery. This analysis suggests that the market feeling is neutral, and both the bear and the bull markets have a role to play.

Crypto Rover, also emphasized the significance of the existing support and resistance levels of Ethereum. His analysis is consistent with the perspectives of Ted, as they both point at the same pattern of consolidation that has continued to keep Ethereum in a range over the past few sessions. 

The common chart is that Ether is trying a key horizontal level that could define its subsequent significant action.

Grayscale Stakes $5.1B in Ethereum Surge

Grayscale has taken a huge step in the cryptocurrency market as they have invested about $5.14 billion in ETH in one week only. This massive move underscores the increased trust institutional investors have in the long-term potential of Ethereum.

Blockchain tracking data show that Grayscale made a number of large batch deposits, with each being approximately 3,200, worth about $14.4 million, through its ETH Miners account. These are the transactions that were recorded approximately 11 hours ago, indicating a series of large deposits in the Ethereum staking contract.

ETH Price Drops Below $4,400 Amid Bearish Momentum.

The Ether price traded at $4,336, marking a sharp 2.09% decline over the last 24 hours on Binance. The cryptocurrency was under intense selling pressure after falling below the support of $4,400, which indicated that bearish momentum is developing in the short term.

There is a bearish crossover with the MACD indicator, which is shown by a fall of the MACD line below the signal line. The histogram has become red, which is an affirmation of downward momentum. This indicates that sellers are not losing control, and further downtrend may ensue in the event that the downward force persists.

Source: ETH/USD-hour chart: Tradingview

In the meantime, the ADX (14) has a value of 27.38, which reflects a moderately strong trend. The value is less than 30, but it still indicates that the current bearish trend has significant power.

Ether price is being pressured in the short-term, and bears are aiming at the $4,300 level as the nearest support. A break of this level can lead to losses of a greater magnitude to the tune of $4,200.

On the upside, any recovery above $4,400 could face resistance around $4,500 and $4,700, where previous sellers remain active.