Today’s Ethereum prices are trading nearly $4,518, extending profits after rebounding from the support zone between $4,300 and $4,370. Price action is looming towards a trendline for downward resistance, with the Bulls seeing a move towards the Fibonacci cluster between $4,584 and $4,672. The question is whether influx and institutional accumulation can promote critical breakouts.
Ethereum Price Test Resistance Zone
ETH Price Dynamics (Source: TradingView)
The four-hour chart shows ETH is steadily climbing through EMA clusters, with EMAs all inverting supportively near $4,372-4,399. A $4,584 above the 0.5 Fibonacci retracement will confirm bullish momentum.
The RSI stands at 67, approaching the acquired territory, but leaving room for continuity. Bollinger compression from previous sessions informs fresh volatility as ETH retests multiple weeks of resistance.
Failure to clear between $4,584 and $4,672 could trigger another pullback to the $4,387 pivot, with a 38.2% FIB retracement consistent with EMA support.
Financial Strategy Branded Ethereum’s “White Swan”
Market sentiment has improved after Sharplink Gaming co-CEO Joseph Chalom described his company’s $3.7 billion Ethereum Treasury as a “White Swan event” for institutional adoption. The company currently owns more than 837,000 ETH, representing almost 0.7% of its distribution supply.
Chalom emphasized that Sharplink treats Ethereum as a reserve asset rather than a transaction, and is similar to Michael Saylor’s Bitcoin Accumulation Playbook. Weekly disclosures and holding compensation disclosures are aimed at building transparency and distance the approach from the opaque practices of failed companies like FTX.
Analysts suggest that sustained corporate accumulation could stabilize supply dynamics, particularly as tokenization and stable coin demand accelerates by 2025.
On-chain flow shows updated purchase pressure
ETH Netflows (Source: Coinglass)
Exchange flow data on the chain revealed a net inflow of $61.4 million on September 12th, marking one of the most powerful accumulation signals in recent weeks. This pick follows a few months of mixed activities that were dominated by sharp outflows earlier this year.
The rise in flow reflects the position of potential breakout traders above $4,600. However, analysts warn that net inflows of over $100 million should be maintained to verify the purchase of convictions and establish rally momentum towards $4,800-4,950.
At the same time, open interest in futures remains stable, pointing to spot-driven accumulation rather than overpositioned.
Super trends and parabolic sar flips bullish
ETH Price Dynamics (Source: TradingView)
Additional technical signals enhance the ETH improvement structure. The Supertrend Indicator turned bullish around near $4,337, but the parabolic SAR dot shifted below the price action, confirming a short-term upside bias.
The next challenge lies in the supply band between $4,672 and $4,797, with previous rejections causing a sudden reversal. Clearing this zone opens a pass towards a $4,797 0.786 FIB retracement, and ultimately a $4,950 psychological barrier.
If momentum stalls, the minus side cushion remains clearly defined at $4,399 and $4,300, with the 200th EMA nearly $4,279, forming the final keyline before a deeper retracement.
Outlook: Will Ethereum rise?
Ethereum’s short-term trajectory depends on whether institutional accumulation and chain inflows could overwhelm nearly $4,600 in technical resistance. Bias is carefully bullish as Sharplink’s Treasury narrative strengthens cases of adoption and exchange data becoming supportive.
A breakout above $4,672 could attract momentum buyers targeting $4,797 and $4,950. Conversely, if you don’t clean the resistance, it can lead to longer integration and return ETH to $4,300 support.
As long as prices are above $4,300 and the inflow remains positive, analysts believe Ethereum is supporting profits through mid-September.
Ethereum price forecast table
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