Is ETH’s Real Bull Run Starting Now? This Key Close Could Trigger It

TL;DR Ethereum trades above $4,500 while targeting $4.88K, a key resistance for bullish breakout ￰0￱ long-term chart shows ETH rebounding off a key trendline, following historical bullish price ￰1￱ 2.6M ETH wait to unstake, showing increased network activity and long-term holder interest ￰2￱ Holds Above $4,500, Eyes Breakout Zone Ethereum (ETH) was trading at $4,530 at press time, showing a 5% rise over the past seven ￰3￱ movement shows a slight drop of 2%, with a 24-hour trading volume of $33.6 ￰4￱ minor short-term pullbacks, the asset has reclaimed the $4,500 level. A long-term chart shared by Trader Tardigrade shows ETH continuing to follow an ascending structure that dates back to ￰5￱ asset has rebounded several times from the lower boundary of this formation, and each time, it has led to a sustained upward ￰6￱ most recent bounce from the lower trendline suggests that ETH could be repeating this pattern. $ETH /weekly #Ethereum has begun the Bull Run ￰7￱ — Trader Tardigrade (@TATrader_Alan) September 15, 2025 $4,880 Seen as Make-or-Break Level Ethereum could be targeting the $4,800–$4,880 ￰8￱ area acted as resistance during earlier price ￰9￱ ETH manages to close above $4,880, analysts expect a further ￰10￱ level has served as a barrier for buyers in past ￰11￱ analyst Nami explained, Hey everyone, Ethereum’s consolidating into something serious.

We’ve reclaimed $4,500 cleanly, and now the pressure’s mounting around $4,800-$4,880 ,that zone isn’t just resistance, it’s the test of whether the next leg up can ￰12￱ I’m watching: • If $ETH closes a… ￰13￱ — Nami (@Namiixbt) September 15, 2025 The current structure shows that pressure is building at this zone, and a daily close above it may open the door to higher price levels, especially if short positions are forced ￰14￱ support zone between $4,200 and $4,400 has held during recent ￰15￱ area has absorbed selling pressure and helped ETH stabilize above $4,500. The price structure remains favorable as long as this range stays ￰16￱ to Nami, this support is “doing its job: protecting downside, absorbing dips.” Traders are also looking beyond price levels, tracking activity that may point to broader ￰17￱ include market flows and signals from institutional players and ￰18￱ Exit Queue at Record High Data from ValidatorQueue shows that more than 2.6 million ETH are now waiting to exit ￰19￱ CryptoPotato reported , the current wait time to unstake has reached 45 days, the highest recorded so ￰20￱ spike began late last week and has stayed ￰21￱ a recent report , CryptoQuant noted that ETH demand has shifted since the approval of spot ￰22￱ is being treated more often as a long-term ￰23￱ shift, along with on-chain growth, is seen as contributing to current momentum in the market.