Ether has breached the $4,300 level after failing to maintain momentum above $4,700, influenced by a significant $338 million liquidation of futures positions. Analysts emphasize the $4,300 mark as a critical support level, but data shows that September has historically been a challenging month for Ether, potentially signaling a 10% drawdown. The contraction in open interest and negative funding rates indicates that long positions are being closed out, suggesting a possible opportunity for a rebound if spot demand increases. However, the outlook is cautious as Ether’s recent price action hints at further weakness. Immediate support is around $4,180, but if broken, market focus may shift to the $3,900–$3,700 range. A failure to hold this zone could raise concerns about Ether’s bull cycle. The article concludes with a reminder that all investment involves risk, encouraging readers to conduct their own research.

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