Ethereum is under pressure after descending below USD 4,200, and the price is now testing the 4000 USD support zone. The market is watching carefully, because the collapse here may expose ETH to deeper corrections, and powerful defense can open the door to the reflection. Despite sales pressure, the signals to the chain reveal a strikingly different image below the surface.
The best analyst made available Darkfost showing that the ETH influx to battery addresses explodes, signaling a long -term belief, even as brief -term moods. Almost 400,000 ETH was added to these specialized wallets yesterday. More precisely, on September 18 Ethereum took care of historically when 1.2 million ETH was collected in one day – a network record.
Battery addresses are unique because they only buy ETH and never sell, which makes them credible proxy for the owner’s long -term behavior. Such huge inflows emphasize that gigantic players are strategically building positions, probably related to institutional adoption and the growing demand for ETF.
Long -term belief among pressure
According to Darkfost, the influx of Ethereum to the battery concerns one of the most significant trends developing under the surface of the current market variability. He explains These battery addresses are wallets that have made at least two ETH transactions without selling one coin. This behavior makes them reliable indicators of long -term belief in owners, because accumulation, not brief -term speculation, drives them.
Darkfost adds that some of these addresses may be associated with institutional entities offering ETF ETF, which have recently noticed the growing demand. The scale of these influx – with yesterday added almost 400 km of ETH and a record number of 1.2 million ETH accumulated on September 18 – indicates grave positioning players in the long run.
Despite this, it appears at a time when Ethereum stands in the face of a critical technical test, floating around 4000 USD support after losing over 14% from mid -September. While the accumulation shows powerful trust in the ETH long -term trajectory, the brief -term risk remains increased. Sales of pressure, wider market corrections and macro uncertainty can test investors’ patience.
Ultimately, Darkfost emphasizes that the coming weeks will be decisive: either Eth Bulls maintains the line and confirms this accumulation as a basis for reflection, or the pressure deepens into a longer correction.
Ethereum price analysis: 4000 USD support testing
The Ethereum chart reveals the decisive division after losing USD 4,200, and the price is now testing the 4000 USD support zone. This means a acute drop by 3.2% in the last session, continuing the correction structure that has been developing since the beginning of September.
The price violated the average movable 12h (blue) and 100 movable medium (green), showing a weakening momentum. The price is now floating slightly above 12. 200 Medium Moving (red), which is almost USD 3,800. This zone is a key line of defense for bulls, because a confirmed failure can speed up the pressure for sale and open the path towards deeper withdrawal.
Momentum also reflects the growing fear on the market, because the sellers remain under control and meet each attempt to reflect with lower ups. Despite this, maintaining above 4000 USD maintains Ethereum in a potential consolidation range, offering a chance to stabilize before the next move.
If buyers successfully defend this area, ETH may reflect to re -assess the resistance range 4200–4400 USD. However, daily closure below USD 3,950 would probably confirm further inheritance pressure, revealing USD 3800 and probably USD 3,600 as the next goals.
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