Ethereum ($ETH) is at a decisive point on the charts. After weeks of volatility, the price is consolidating around $4,300, balancing between strong technical support and stiff resistance. With the crypto market searching for direction, Ethereum’s performance could set the tone for the next major altcoin move.
ETH/USD 1-day chart - TradingView
The chart shows ETH repeatedly testing the $4,127 level, where the 50-day moving average has been acting as a cushion. A decisive bounce here could fuel a push back toward $4,356 and beyond, while a breakdown may open the door to $3,838 or even $3,530.
Ethereum’s RSI is hovering near 49–53, sitting right on neutral ground. This suggests the market is undecided, with neither bulls nor bears holding dominance. A break above RSI 55 could trigger bullish momentum, while a slip below 45 may confirm further downside pressure.
From a professional trading and portfolio management perspective:
Risk management remains critical, as ETH is consolidating near its short-term trendline support.
In the short term, $Ethereum is likely to trade within a $4,127 – $4,356 range until a catalyst sparks momentum. Breaking out above $4,356 would set up a retest of $4,750 and eventually $5,000. On the downside, losing the 50-day SMA could trigger a sharper correction toward $3,800 and $3,530 before stabilizing.
For long-term investors, the $2,728 200-day SMA remains the line in the sand. As long as ETH holds above it, the macro uptrend remains intact.
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