Ethereum Price Holds Key Range, Eyes $5K Rally
TLDR:
- Ethereum consolidates at $4,385, creating uncertainty for both long and short traders.
- $4,214 aligns with 4H 200EMA/MA, strengthening support as a retest zone.
- Data shows ETH accumulation remains stronger than Bitcoin during correction.
- Breakout above $5K could confirm bullish continuation into price discovery.
Ethereum is consolidating after reaching a recent all-time high, with prices holding near $4,385. The cryptocurrency continues to trade within a $4,214 to $4,790 range, creating indecisive movements for traders.
Analysts highlight the range low at $4,214, supported by key moving averages, as a potential entry zone. Additionally, on-chain data suggests Ethereum demand is surpassing Bitcoin despite recent declines.
Ethereum Holds Range as Traders Stay Cautious
Expert Daan Crypto Trades noted that ETH’s price structure remains confined within a clearly defined trading range.
The mid-point around $4,385 has created frequent false breakouts, resulting in what analysts call “chop” conditions. Hence, directional trades in this zone carry higher risks due to repeated market reversals.
$ETH Has just been chopping everyone up as it has been consolidating in the middle of the range around this $4.3K-$4.5K area.
Still not a place for me to take any trade with the lack of momentum and especially at the start of a new week & month.
I think a retest of the range… https://t.co/VwW05H1hW3 pic.twitter.com/wRC5zSYuCs
— Daan Crypto Trades (@DaanCrypto) September 1, 2025
The $4,214 support level is closely monitored as both the 4-hour 200-day moving average (MA) and exponential moving average (EMA) converge there.
Traders often track these indicators to measure trend direction and dynamic support. Besides offering technical strength, this zone could attract buyers seeking entry during a broader uptrend.
Accumulation Data Signals Underlying Strength
On-chain metrics from CryptoQuant reveal declining Ethereum reserves on Binance exchange during the ongoing correction.
In contrast, Bitcoin reserves have remained relatively steady over the same period. Consequently, analysts interpret this divergence as stronger accumulation pressure for Ethereum compared to Bitcoin.
ETH Maintains Strong Interest Despite Correction
“Divergence suggests stronger demand for Ethereum compared to Bitcoin, indicating that market participants are actively accumulating ETH even during the current price consolidation.” – By @t0_god
Link ⤵️https://t.co/JqFHkSeEAO pic.twitter.com/rcQ1jVcIum
— CryptoQuant.com (@cryptoquant_com) September 1, 2025
Moreover, sentiment reflects hesitation as traders wait for confirmation either at the range low or above $5K. A consolidation above $5K would likely confirm bullish continuation and drive Ethereum into new price discovery.
Alternatively, a retest of the range low with moving average support could provide another setup for dip buyers.
