Ethereum (ETH) price forecast for September 17th

Today’s Ethereum prices are trading nearly $4,528, and are stable after a sharp pullback from last week’s $4,800 test. Buyers continue to defend the $4,500 zone, but the market now faces a critical barrier between $4,800 and $4,880. Analysts argue that this clean break above the wall could unleash the next stage of the rally.

Ethereum Price defends $4,500 in support

The 4-hour chart shows ETH that consolidates ETH above $4,500 after testing a low of nearly $4,493 today. The $4,512 20 Emma and $4,462 50 Emma strengthened the floor and became immediate support. The obstacles here could expose ETH to 200 Emmas for $4,350, where the wider bullish structure would face the first major test.

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Overhead, resistance stacks between $4,800 and $4,880. The zone has rejected prices many times and now represents a gateway to greater progress. Clearing it opens the way to $5,000, followed by the next major supply area: $5,120.

Currently, parabolic SARs reflect short-term bear pressures beyond spot levels. However, as long as the ETH is above $4,500, the momentum will remain constructive and will keep the bullish cycle intact.

Analysts highlight the potential of a supercycle

Market sentiment has become particularly bullish after Tomley, chairman of the $9 billion Bit Mine Immersion (BMNR), said he was adding Ethereum exposure. “Ethereum is in the supercycle,” Lee said, suggesting structural drivers, such as institutional adoption and supply constraints, could extend the gathering.

This is in line with the broader analyst commentary pointing at $4,880 as an important inflection point. If they violate, many expect that ETH could not only revive its record high, but also accelerate towards new cycle targets.

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Adding fuel, Crypto Rover pointed out that the Q3 2025 marked Ethereum’s highest quarter on record with a return of 84.3%. Such a historic performance called for ETH to extend to $10,000 if momentum lasted in the fourth quarter.

On-chain flow indicates supply drainage

Spot exchange data highlights bullish papers. ETH continued its multiple weekly trend of coins leaving the exchange, recording a net outflow of $19.2 million on September 16th. Persistent negative Netflows indicate a drop in sell-side pressure as the tokens transition to cold storage or institutional custody.

This supply squeeze was a reliable tailbone during historically strong gatherings. Unless the flow is reversed to a large influx, current drains suggest that buyers will continue to control the wider trends.

Technical outlook for Ethereum prices

The immediate roadmap centers around $4,500 in support and $4,800 in resistance. Once above $4,500, the bullish bias continues, with the targets being $4,880 and $5,000. A clean breakout there could spark momentum to $5,120, and could reach $5,300 if the purchase accelerates.

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On the downside, losing $4,500 risks a retest of $4,350. A break below this level marked a change in the short-term structure, exposing ETH to $4,200, and the buyer finally gave a strong defense.

Outlook: Will Ethereum rise?

Ethereum prices today reflect the consolidated market, with technical compression buildings under the main barriers of resistance. Analysts are bullish on the combination of negative net flow, strong quarterly returns, and facility accumulation.

As long as the ETH exceeds $4,500, the probability is supported by another attempt at $4,880. A successful breakout will allow you to examine your supercycle paper and set the stage for a push to over $5,000. However, if you don’t keep support, you slow down the bullish narrative and risk deeper corrections to the $4,200 zone.