CoinDesk
Sep 16, 2025
6 0

Fundstrat Predicts ETH Target of $5,500 by Mid-October

According to CoinDesk Data, ether (ETH) traded at $4,506, a 0.5% decline over the past 24 hours as of 12:24 UTC on Sept. 16. Traders are debating whether this pullback could precede another rally.

Fundstrat's Perspective

  • Mark Newton from Fundstrat Global Advisors views the decline as a necessary correction.
  • He anticipates possible dips to $4,418 or $4,375 by week's end, viewing these as buying opportunities.
  • Newton projects ether might reach $5,500 by mid-October due to market strength.

Technical Analysis by CoinDesk Research

  • Ether lost approximately 3% on Sept. 15, dropping from $4,619 to around $4,500.
  • The steepest decline occurred between 07:00 and 08:00 UTC, with prices falling from $4,632 to $4,514.
  • Trading volume surged during this period, exceeding twice the daily average.
  • A temporary low of $4,471 acted as a short-term support level, while resistance was observed at $4,671.
  • Later, prices steadied between $4,479 and $4,505, indicating consolidation.

Latest 24-Hour Chart Analysis

  • As of 12:24 UTC on Sept. 16, ether remains near $4,506.
  • The token is constrained between its $4,471 floor and $4,671 ceiling.
  • Trading has leaned towards consolidation, suggesting a market pause awaiting new developments.