**Ethereum Weekend Market Update: Bulls Hit Pause, But the Bigger Picture Stays Strong**

Hey crypto fans! This weekend has brought a mixed bag for Ethereum and the broader crypto market. After a strong start to the week, momentum faded midweek, leading to a pullback. Let’s break down what happened, what’s driving these moves, and where things might go next.

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**Weekly Recap: A Game of Two Halves**

Ethereum had a powerful run earlier in the week, with prices climbing close to $4800. Optimism was high, driven by institutional interest and positive sentiment. But by midweek, the rally ran out of steam. Prices began to slide as traders took profits, and now ETH is testing key support levels.

This type of correction is normal—even in bull markets. It helps cool off overheated prices and sets the stage for more sustainable growth later on.

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**What’s Powering the Market Right Now?**

Despite the price dip, fundamentals are still strong. Here’s what’s going on behind the scenes:

1. **Big Buyers Are Accumulating ETH**
Large investors, or “whales,” are buying the dip. Data shows over $2.5 billion worth of Ethereum has been scooped up recently. Just three wallets alone added $205 million. This suggests that big players see current prices as a bargain.

2. **Ethereum ETFs Keep Growing**
Institutional demand is strong. Ethereum ETFs have received over $2.19 billion in inflows, mainly from big names like BlackRock and Fidelity. This shows confidence in ETH as a long-term investment—not just a short-term trade.

3. **Stablecoin Supply Is Rising on Ethereum**
In August, Ethereum’s stablecoin supply grew by $17 billion—more than any other blockchain. This signals strong activity in DeFi and crypto trading, which relies heavily on stablecoins.

4. **Analysts Still See $10K ETH in 2025**
Despite recent volatility, many experts remain bullish. The $10,000 price target for ETH by 2025 is still on the table, supported by growing use cases and adoption.

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**Technical Analysis: What the Charts Say**

Let’s look at the charts to understand what might happen next.

– **Daily Chart (1D):**
ETH is sitting near its 20-day moving average (SMA_20), a key support level. If it holds here, we could see a bounce. The RSI is around 55—neutral but leaning bullish. MACD is weakening, showing momentum is slowing.

– **4-Hour Chart (4H):**
The short-term trend has turned bearish. ETH dropped below both the 20 and 50-period moving averages. A “death cross” (20 MA dropping below 50 MA) may form soon, which would be bearish. RSI is under 50 and MACD is in the red—short-term trend favors sellers.

– **30-Minute Chart (30M):**
Very short-term price action looks bearish. ETH keeps getting rejected at key moving averages and needs to reclaim $4500 before bulls can regain control.

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**Order Book: Battle Between Buyers and Sellers**

At around $4470 USDT, there’s a tough fight going on:

– **Strong Support Below:**
Big buy orders between $4467–$4470 are helping hold the price up. Each wall is worth around $300K USDT.

– **Heavy Resistance Above:**
A major sell wall at $4470.76 (~$661K) is stopping upward movement. More resistance is stacked at $4471–$4473.

This means we’re stuck in a tight zone. A drop below $4467 could trigger more selling, while a move above $4474 might spark a bullish breakout.

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**Patterns to Watch**

On the 4-hour chart, ETH looks like it’s forming a bearish pattern—possibly a descending channel or bear flag. This could mean more downside ahead in the short term. However, on the daily chart, we might just be seeing a pause in the bigger uptrend (a possible bull flag).

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**Key Price Levels to Watch This Week**

*If bulls take back control:*
– $4550 — Next resistance from 4H chart
– $4650 — Previous breakdown zone
– $4800 — Recent high and major psychological level

*If support breaks:*
– $4400 — Psychological level and local low
– $4300 — Key support near daily moving average
– $4150 — Major support area from early September

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**Market Outlook: Short-Term Bearish, Long-Term Bullish**

– **Short-term sentiment:** 55% bearish 🐻
– **Long-term outlook:** Still strong 🐂

Right now, technical indicators suggest more downside or sideways movement ahead. But fundamentals are solid—whales and institutions continue to buy heavily during this dip.

Shorting here could be risky due to strong underlying support.

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**Trade Ideas Based on Current Conditions**

*For Buyers (Long Positions):*

1. **Aggressive Entry:** Buy between $4400–$4420 if price shows a bounce on 4H chart with bullish reversal candle.
– Target: $4550
– Stop-loss: $4370

2. **Conservative Entry:** Wait for ETH to get back above 4H SMA_50 (~$4550).
– Target: $4800
– Stop-loss: $4480

*For Sellers (Short Positions):*

1. **Aggressive Short:** Sell near $4500–$4520 if rejected on lower timeframes (15m/30m).
– Target: $4400
– Stop-loss: $4560

2. **Conservative Short:** Wait for clear break below $4400 and a 4H candle close. Enter on retest of that level as resistance.
– Target: $4300
– Stop-loss: $4460

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**Final Thoughts: Stay Patient and Let the Market Choose**

The market is at a turning point. Instead of rushing into trades, wait for clear signals. If you’re bullish, look for confirmed support before entering. If you’re bearish, wait for breakdowns before shorting.

Avoid trading in the middle of the range—it’s too unpredictable right now.

Trade smart, manage your risk carefully, and stay updated!