After rejection of USD 4,946, August 24 Ethereum (ETH) now trades at a low level of USD 4000. However, some analysts hope that ETH will probably augment above 5000 USD in the coming weeks, thanks to the growing unleashed supply and rush of the positive stock exchange fund (ETF).
Ethereum reached $ 5,500 in September?
According to the cryptoc from Quicktake, by the Arabian cooperation, the Ethereum network in August, which moved digital assets from $ 3,700-4000 to the latest level of all time (ATH) in the amount of USD 4,946, was largely raised by a wider market market and positive ETFs.
The analyst noticed that Eth Reserves on Binance Crypto Exchange was witnessing a edged growth in August. A rapid augment in the influx of tokens to exchange shows that owners decide to sell or receive profits at higher prices.
The Arab chain shared the following table, which shows both the supply of ETH of liquid (green) and non -cry (beige). According to the chart, the extensive majority of ETH supplies remains uninhabited, causing a deficiency of structural supply.
On the other hand, the chart shows a slight augment in liquid power supply, which suggests that some ETH has returned to circulation and can augment brief -term sales pressure. The analyst noticed:
The overall non -proliferation of supply strengthens the long -term perspectives of the stubborn. Miniature-term warning signals-binance reserves in combination with a slight augment in liquid supply-sugges potential correction after a recent powerful augment.
If the augment in Eth reserves on Binance shows signs of a slowdown or resumption of payment, a shortage of digital assets supply will remain clear. Therefore, a clear and decisive break above the resistance level in the amount of USD 4,800 may cause ETH compared to USD 5,200 – USD 5,500 in the near future.
The cryptochant analyst stated that September will probably be a bit stubborn ETH traffic from 4,300 to 5000 USD. However, no break in USD 4,800 – in combination with Rising Exerves – can augment the possibility of correction to USD 4,200.
What awaits ETH?
Although a breakthrough above $ 4,800 is possible, some analysts will master their expectations saying It is ETH that can test 4000 USD mentally before resuming its growth.
Meanwhile, the chain data show whales that collect ETH at a record pace. According to the last report, Eth Whales in addition until September 1, 260,000 Eth on September 1.
Offering a more ambitious forecast, Ethereum co -founder and consensit CEO Joseph Lubin he said that “ETH will probably be from here 100 times.” During the ETH press it trades at 4,429 USD, which is an augment of 2% in the last 24 hours.

Recommended photo from Unsplash, charts from Cryptoquant and Tradingview.com