Markets are often full of contrasts. On one hand, retail traders anxiously refresh their charts, waiting for the Ethereum price to dip a little further. On the other hand, BlackRock, the world’s largest asset manager, just poured $363 million into its Ethereum ETF. This divergence between cautious retail sentiment and confident institutional buying paints a fascinating picture of where the ETH price might be headed next.
At the time of writing, ETH trades at $4,507.71, down 0.49% in the last 24 hours, but still up 3.33% over the past week. With a market cap of $544.17 billion and 24-hour trading volume of $31.18 billion, Ethereum continues to sit firmly at the heart of the crypto ecosystem.
ETF flows add another layer of insight. Despite choppy activity earlier in September, BlackRock’s $363 million inflow on September 15th stands out as a vote of confidence from institutions. Meanwhile, Grayscale products continued to bleed, showing that investors prefer lower-fee alternatives. This dynamic could favor long-term ETH price stability.
Adding to the bullish case, BitMine Immersion revealed $10.8 billion in crypto and cash reserves, positioning itself as the largest ETH treasury holder worldwide. Such treasury accumulation signals that corporates and institutions increasingly view ETH as a strategic reserve asset.
Overall, Ethereum seems to be in a waiting game: institutional inflows and treasury holdings are building a strong foundation, but retail sentiment remains cautious. If ETH holds above $4,155 and breaks past $4,577, momentum could accelerate.
Ethereum’s price chart shows consolidation after a failed attempt to sustain above the $4,577 resistance zone. The next major resistance for the Ethereum price lies at $4,774, which also aligns with the upper Bollinger Band. A clean breakout above this level could push ETH closer to its all-time high of $4,953.73.
Contrarily, immediate support rests at $4,155, with a stronger cushion at $3,967. The RSI at 44 suggests ETH is currently neutral, leaving room for either a rebound or further correction.
The price of 1 ETH at the time of press is at $4507.71 with an intraday change of -0.41%.
Yes, at $4,507, ETH is less than 10% away from its ATH of $4,953.73.
Support is seen at $4,155 and $3,967, while resistance stands at $4,577 and $4,774
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