Ethereum is under pressure after slipping below the level of $ 4,200, the price now testing the support area of $ 4,000. The market looks closely, because a breakdown here could expose the ETH to deeper corrections, while a strong defense can open the door to a rebound. Despite the sales pressure, the chain signals reveal an surprisingly different image below the surface.
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The main shared data of analyst Darkfost showing that ETH inputs in accumulation addresses explode, signaling a long -term conviction, even if feelings of short -term feeling. Yesterday, nearly 400,000 ETH were added to these specialized portfolios. More specifically, on September 18, Ethereum saw a historic first when 1.2 million ETH were accumulated in a single day – a record for the network.
The accumulation addresses are unique in that they only buy Eth and never sell, which makes it a reliable proxy for the long -term holder’s behavior. Such massive entries emphasize that the great actors strategically constitute the positions, probably linked to the institutional adoption and the growing demand of ETH ETF.
Long -term conviction in the middle of pressure
According to Darkfost, Ethereum entries in the accumulates addresses mark one of the most important trends developing below the surface of the volatility of the current market. He explains that the accumulation addresses are portfolios that have carried out at least two ETH transactions without ever selling a single room. This behavior makes them reliable indicators of the conviction of long -term holders, because accumulation, and not short -term speculation, leads them.
Darkfost adds that some of these addresses could be linked to institutional entities offering FNB Eths, which recently increased. The scale of these entries – with nearly 400,000 ETH was added yesterday and a record of 1.2 million ETH accumulated on September 18 – underlines the serious positioning of the players for the long term.
However, this happens at a time when Ethereum faces a critical technical test, oscillating around $ 4,000 after losing more than 14% since mid-September. Although accumulation shows strong confidence in the long -term trajectory of ETH, short -term risks remain high. Sales pressure, wider market corrections and macro uncertainty could test the patience of investors.
In the end, Darkfost stresses that the coming weeks will be decisive: either the ETH bulls hold the line and confirm this accumulation as the basis of a rebound, or a pressure improves in a more prolonged correction.
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Ethereum price analysis: support test of $ 4,000
Ethereum’s graph reveals decisive ventilation after losing the level of $ 4,200, the price now testing the $ 4,000 support area. This marks a sharp 3.2% drop in the last session, continuing the corrective structure that has been developing since early September.
The price violated the mobile average 12:50 p.m. (blue) and the mobile average (green), showing a weakening of the bullish momentum. The price now oscillates just above the Mobile average 12 noon (red), which is nearly $ 3,800. This zone represents a crucial line of defense for bulls, because a confirmed rupture could speed up the sale pressure and open the way to deeper retractions.
The momentum also reflects the increase in fear of the market, because the sellers remain in control and respect each attempt to rebound with lower tops. However, hold more than $ 4,000 maintains Ethereum in a potential consolidation range, offering bulls a chance to stabilize before the next move.
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If buyers defend this area successfully, ETH could bounce back to retest the resistance range from $ 4,200 to $ 4,400. However, a daily fence of less than $ 3,950 would likely confirm an additional drop pressure, exposing $ 3,800 and possibly $ 3,600 as the following targets.
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