Ethereum Traders Monitor Key Resistance and Support Levels

Ethereum Market Analysis

  • Market analyst Ted Pillows used a liquidity heatmap to identify key Ethereum price levels amid recent volatility.
  • Ethereum's price fell by 1.64% over the past week.

Key Price Levels and Market Dynamics

  • Pillows identified significant resting liquidity between $3,900 and $4,200, indicating a resistance zone due to concentrated limit orders.
  • The $3,750 level acts as a potential support area in case of a price drop.
  • A liquidity sweep scenario could see Ethereum dip to $3,750 before rebounding toward the $3,900–$4,200 range.
  • Current market price is around $3,800, suggesting a possible short-term gain of 10% after an initial correction.

Ethereum

Ethereum Treasuries and Net Flow

  • Despite Ethereum's 13.34% price drop last month, treasuries saw a net inflow of 550,000 ETH, indicating continued investor confidence.
  • This inflow is lower than the 1.5 million ETH observed in August but remains significant.
  • Ethereum's current price is $3,873 with a minor 0.44% daily gain, while trading volume decreased by 53.83% to $17.57 billion.

Ethereum