Ethereum’s Bull Run? Spoiler: It’s Not Just Hype, Probably 🤑🚀

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TL;DR because who has time for the long version?

  • ETH politely elbowed past that pesky $4,100 barrier and gave it a “hold my coffee” retest. Trend’s looking cheeky upwards.
  • Exchange wallets are less crowded with ETH – apparently, hodlers are playing hard to get and stacking long term.
  • Short sellers are sweating bullets thanks to negative funding and liquidations. Squeeze incoming? You betcha.

Ethereum Throws Resistance Out Like It’s Last Season’s Pants and Finds New Support

So, ETH finally decided it’s done playing hard to get around $4,100 – that level which acted like an overbearing ex, slamming the brakes on price THREE times this year. But guess what? It ghosted resistance and strutted upward in mid-2025. Then came back like, “So… am I still your support or what?”

And this time, surprise! It stuck. Like a Tinder match that actually replies.

The charts (yes, those squiggly lines we pretend to understand) say clean breakout + retest = stronger trend vibes. Potential destinations? Somewhere around $5,300, $6,800, and if you’re feeling spicy, $8,400. Buckle up.

Ethereum price chart showing breakout and retest

ETH caught a little cold, down 16% from its peak, hanging near the 100-day moving average like that one friend who’s always fashionably late but still shows up. Déjà vu alert: same drill earlier this year – dip, then zoom.

If moving averages were a friend group, 50-day and 100-day averages are now the reliable ones holding ETH’s back, triggering “buy buy buy” fan chants. Merlijn The Trader’s tweet sums it up better than I ever could:

$ETH IS BACK IN BUY THE DIP ZONE
Last time it blasted off right after.
Ignore it now and enjoy chasing it when it’s making Elon-level digits.
– Merlijn The Trader (@MerlijnTrader) September 23, 2025

His crystal ball points to $3,700-$3,800 as the magic “get in now” zone. Spoiler: probably best not to “wait for a sign” like you do with your plants.

Exchange Reserves: ETH’s Playing Hard to Get

CryptoQuant’s data says exchanges are seeing fewer ETH parked in their VIP lounges. Reserves dropped to 16.5 million – the lowest party attendance in over a year. It’s like a crypto cleanse: investors moving coins to wallets or staking platforms, basically holding tight and ignoring those FOMO tweets.

Ethereum Exchange Reserves chart

Meanwhile, ETH’s price is chilling near $4,100. It smells like accumulation season – hodlers stacking while the price chills, probably eyeing their coffee instead of the price charts.

Buckle Up: Futures Market is Like a Soap Opera, Only Harder to Predict

Earlier this week, ETH took a nosedive below $4,150, sending stop-loss orders and leveraged traders into a frenzy of liquidations – think crypto version of slipping on banana peels on a roller rink.

But like a cat with nine lives, ETH bounced back quickly, making stop-hunters cry into their keyboards.

Open interest dipped, because leveraged positions were closing faster than your favorite Netflix series. Funding rates went negative on Binance and OKX, so shorts were playing like they own the place – until they didn’t.

If $ETH bounces, it makes sense it would do so after kicking the range low to the curb.
– Byzantine General (@ByzGeneral) September 23, 2025

Yet, it’s not all sunshine and Lambos. Analyst Ted pointed out Ethereum-linked stocks (SharpLink Gaming, BitMine) are nursing wounds from recent highs, basically the crypto equivalent of showing up at the party after last call:

“Until the stocks recover, ETH will most likely bleed.”

On-chain data whispers “less selling pressure,” but the broader vibe is a confused muttering. Price is holding above support like a champ, and traders are eagerly waiting for the trend to finally pick a lane. Place your bets, grab popcorn, and keep your hodl hands ready.

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2025-09-25 01:16