Ethereum trades at a critical level after a few days of selling pressure and assembly of speculation, and bulls are fighting to keep the shoot as Bitcoin and a wider cryptographic market. The price campaign has changed into a cautious phase, and ETH is currently facing the challenge of defending key demand zones that could determine the coming weeks.

Despite this withdrawal, Ethereum remains an outstanding contractor on the market. Fresh data from Glassnode reveal that in the last month no Altcoin sector has exceeded ETH, although the DEFI ecosystems and layer 2 have approached. This resistance emphasizes the dominance of Ethereum, even in times of wider market weakness, strengthening its role as the start of decentralized finance and blockchain infrastructure.

This trend also suggests that the market introduces what many analysts describe as the “Ethereum season”, where ETH conducts efficiency and rotation of capital from Bitcoin to Altcoins, begins to accelerate. With institutions, whales and retail investors, carefully observing Ethereum’s ability to maintain land, while others are hanging, emphasizes his strength at the next stage of the cycle.

Ethereum runs the market as the capital rotation accelerates

According to Glassnode, Ethereum has become clear leader On the market in the last month. No Altcoin sector managed to exceed ETH during this period, but only DEFI ecosystems and layers 2 are approaching. In particular, most Altcoin sectors ended the decline in the month, strengthening the relative strength of Ethereum in an unstable environment.

This performance signals a clear shift of capital rotation, because the flows begin to move away from Bitcoin to Ethereum, meaning what many analysts consider to be the beginning of a modern stage in the cycle.

Capital rotation has long been the hallmark of the dynamics of the cryptographic market. Traditionally, rallies begin with the domination of Bitcoins, before the fluidity spreads to Ethereum, and then ultimately to smaller altcoins. The latest data shows that ETH occupies a central place in this process, attracting both institutional interest and the accumulation of whales. This suggests that investors perceive Ethereum as another growth engine, supported by forceful foundations and expanding reception in the case of cases of using DEFs, NFT and enterprises.

Still, the sentiment remains divided. Some analysts say that this cycle is structurally longer, extended by institutional products, such as ETF on ETF and increased global adoption, which means that Ethereum can still exceed the results for months. Others remain cautious, warning that the current weakness of the market may be an early signal of a wider bear.

Regardless of these opposite views, Ethereum leadership in performance and its ability to overtake almost every sector Altcoin emphasizes its growing importance in defining the next stage of the cryptographic market. For many, ETH gives the tone in which capital flows – and possibilities – it is guided.

Eth goes back after an explosive rally

Ethereum trads around 4366 USD after a violent weekly decline by almost 9%, after the last pressure on modern Maksa nearly 4,800 USD. The weekly chart emphasizes the powerful rally, which began earlier this summer, raising ETH from minima below $ 2,000 to almost double value in just a few months. However, the latest red candle shows that sellers are entering when the market is digested by this steep trick.

Despite the correction, ETH remains well above the main average movable. 50-week (USD 2863), 100-week (USD 2819) and 200-week (USD 2446) Medium movable are popular, which confirms that the long-term structure is still stubborn. These levels now serve as forceful layers of support if a deeper withdrawal occurred.

In the low period, Ethereum is testing the demand zone 4200–4300 USD, which is in line with previous resistance levels from 2022 and early 2024. Having this zone would strengthen the consolidation case before another attempt to break $ 4,800. Failure, however, can open the door to a return in the direction of $ 3,800.

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