Ethereum Just Turned Bullish, Here’s What’s Next

TL;DR ETH breaks key resistance and retests support, showing a potential continuation of the current ￰0￱ reserves hit 16.5M ETH, indicating less selling pressure and growing long-term ￰1￱ funding and liquidations suggest short squeeze risk as price rebounds from range ￰2￱ Breaks Resistance and Holds Support Ethereum has moved above a key level at $4,100. This price rejected ETH three times earlier this ￰3￱ time, the price failed to continue higher and dropped back. Notably, that level is no longer acting as ￰4￱ price broke above it in ￰5￱ then came back down to test the same ￰6￱ time, it held as ￰7￱ structure now shows a clean breakout followed by a ￰8￱ is often seen as a shift toward a stronger ￰9￱ targets above this level sit near $5,300, $6,800, and $8,400 based on recent chart projections.) September 23, 2025 His latest chart shows this area marked again as a possible entry ￰10￱ price zone is around $3,700 to $3,800.

Exchange Reserves Fall to New Low Data from CryptoQuant shows a steady drop in ETH held on ￰11￱ exchange reserves have fallen to about 16.5 million ￰12￱ is the lowest level recorded in over a year.) September 23, 2025 Not all data supports a clear move ￰13￱ Ted pointed out that Ethereum-linked stocks like SharpLink Gaming and BitMine are down from their recent ￰14￱ wrote: “Until the stocks recover, ETH will most likely bleed.” While on-chain activity points to reduced selling pressure, broader sentiment appears ￰15￱ remains above key support, and some indicators suggest buyers are ￰16￱ now watch for confirmation of a trend shift in the days ahead.