Ethereum Surpasses $4,200 Amid Short-Term Selling Pressure Concerns

Ethereum (ETH) has broken above the $4,000 resistance, currently trading around $4,200, marking a 180% increase from May 2025 lows of $1,500. Analyst CryptoOnChain provides insights into ETH's future price trajectory.

On-Chain Data Analysis

ETH rose from $2,400 to around $4,215, nearing the $4,400 resistance level.
Momentum indicators remain positive, but near-term selling pressure may occur as ETH approaches resistance.
Ethereum’s Exchange Supply Ratio (ESR) across all exchanges has declined to approximately 0.16, indicating reduced sell-side liquidity and increased market confidence.
Binance’s ESR has increased since early 2025, indicating potential profit-taking by some holders.
Heightened net inflows to Binance suggest sellers may be preparing to take profits as ETH nears key resistance.

Price Forecast

Currently, Ethereum trades at $4,230, with a daily gain of 4.62% but a decline in trading volume by 12.08%. Two scenarios are outlined:

In a bullish scenario, decreased Binance net inflows could allow ETH to surpass $4,400, targeting $4,800.
If strong inflows continue and the price fails to break $4,400, ETH may retrace to the $3,950–$4,000 support zone before attempting another breakout.