Ethereum price climbed over 2% to surpass $4,600 on September 19, 2025, following the U.S. Federal Reserve’s 25 basis point interest rate cut. The world’s second-largest cryptocurrency by market cap started a fresh recovery wave above the $4,550 level.
ETH price was able to settle above the $4,500 and $4,520 levels during the recent rally. The price climbed above the $4,550 and $4,600 resistance levels as bulls pushed the asset higher.
The cryptocurrency is now trading above $4,550 and the 100-hourly Simple Moving Average. ETH has formed a base above $4,420 and started a recovery wave similar to Bitcoin’s recent movement.
However, bears remain active near the $4,640 level. The price is facing hurdles near the 61.8% Fibonacci retracement level of the downward wave from the $4,765 swing high to the $4,416 low.
On the upside, Ethereum could face resistance near the $4,640 level. The next key resistance sits near the $4,685 level, with the first major resistance near the $4,765 level.
A clear move above the $4,765 resistance might send the price toward the $4,840 resistance. An upside break above the $4,840 region could lead to further gains toward the $4,880 resistance zone or even $4,920.
New on-chain data suggests whales could start offloading holdings as their unrealized profit reaches 2021 cycle peak levels. ETH unrealized profits of mid-sized whales hit levels last seen at the all-time high in November 2021.
This means mid-sized whales are sitting on gains similar to the profit conditions observed during the market peak in November 2021. Ether whales holding 10,000 to 100,000 ETH may consider selling their holdings.
Whales have continued to reduce their holdings in recent months. Ether whales holding 1,000 to 100,000 ETH sold 90,000 ETH worth nearly $500 million in the last two days.
A whale dumped 5,000 ETH worth $22.84 million to crypto exchange Binance on September 18. The whale made an overall profit of $5.08 million from this transaction.
Spot Ethereum exchange-traded funds recorded consecutive outflows for multiple days. After $68.40 million in ETH sold by BlackRock and Fidelity on Tuesday, the US Spot Ethereum ETF recorded a net outflow of $1.89 million on Wednesday.
$ETH ETF inflow of $213,100,000 🟢 yesterday.
Fidelity bought $159,400,000 in Ethereum. pic.twitter.com/5cdrBrLcNx
— Ted (@TedPillows) September 19, 2025
Fidelity’s FETH reported an outflow of $29.19 million. Bitwise’s ETHW saw $9.7 million in outflow according to Farside Investors data.
The outflows occurred despite the Federal Reserve’s rate cut decision. This suggests institutional investors continue to sell their Ethereum holdings.
Wall Street giant Citigroup issued an Ethereum price prediction to end the year at $4,300. The bank claims ETH price could fall to $2,200 in a bearish scenario based on Ethereum’s on-chain value.
This contrasts with Standard Chartered, which predicted Ethereum price to rally above $5,000. Citigroup also predicted an Ethereum price rally toward $6,400 in their bullish case.
Popular analyst Michael van de Poppe stated that Ethereum price is still holding above a crucial area. If this area is lost, a fall below $4,000 could follow.
Analyst Ted Pillows claimed ETH price is consolidating below the $4,700 resistance level. He predicted the price could start falling toward $4,000 if it fails to rebound above current resistance.
Nothing has changed for $ETH.
It's still consolidating below its $4,700 resistance zone.
Either Ethereum reclaims this level or the chances of correction towards the $4,000 zone will go up.
I'm just trying to play level by level and not based on emotions. pic.twitter.com/IeWsYSAcJ6
— Ted (@TedPillows) September 18, 2025
Analyst Ali Martinez pointed out that the TD Sequential indicator has flashed a sell signal on Ethereum. He predicted ETH price to drop to $4,570 again.
If Ethereum fails to clear the $4,640 resistance, it could start a fresh decline. Initial support on the downside sits near the $4,580 level.
The first major support is located near the $4,535 zone. A clear move below the $4,535 support might push the price toward the $4,465 support level.
ETH price was trading near $4,580 on September 19, up nearly 2% in the last 24 hours. The 24-hour low and high were $4,429 and $4,643 respectively, with trading volume jumping above 35%.
The post Ethereum (ETH) Price: $5,000 Rally or Drop to $4,000 as Whale Sell Pressure Increases appeared first on CoinCentral.
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