Key Takeaways
Pray tell, why do Ethereum holders smirk in optimism?
Amidst a grand opera, Exchange Reserves didst let slip 128k ETH, whilst Active Addresses soared 108k, signaling a merry gathering of whales and an uproarious burst of network activity.
What spectacles await for dear old ETH?
If it can clutch the $4,500 mark with its fang, it might dance toward $4,865, but alas, should it falter below, a torrent of selling may quench its fiery ascent.
Ethereum’s sentiment surged stronger than the vine as Exchange Reserves shrank, Active Addresses mounted, and bullish behavior held steadfast above pivotal levels. Over the past seven days, ETH showcased a performance that would make Hamlet proud, though now it grapples with worrisome spans of selling pressure, its resolve bolstered by the stalwart investors and long-term holders.
Exchange Reserves reveal an opulent accumulation
CryptoQuant’s oracle revealed that ETH’s Exchange Reserves took a plunge over the past seven days from 17.205 million to 17.073 million – a grand exodus of 128k ETH.
Such a maneuver suggested a courtly accumulation, as our mighty whales and noble institutions spirited away their assets from the exchanges to the sanctity of their wallets – a veritable omen of good fortune for ETH’s ardent supporters.
Ethereum Active Addresses stage an illustrious increase
In tandem, another beacon for ETH’s shining eve was the burgeoning intrigue among investors and its spreading fame
As shown by CryptoQuant’s chronicles, ETH Active Addresses leapt 108k in just two days amidst a price dip – an astounding display of network vibrancy and swelling confidence amongst those who hold dear.
The noble ETH’s price journeyed from $4,433 to $4,550 during this triumphant period and stood firm at $4,507 at the time of inked record, rising a modest 0.35% in the day’s chase. Moreover, spot trading volumes burgeoned by 25% alongside these spirited on-chain movements.
A grand ballet on Binance: 68.50% of traders court long positions on ETH
Turning our gaze to the realm of Derivatives, behold the dance of traders! The intraday strategists swirled in favor of long positions.
As recounted by CoinGlass’s wise annals, the Binance ETHUSDT Long/Short Ratio ascended to 2.17, heralding a fanfare of bullish convictions among the traders. A striking 68.49% of the Binance band held long positions, leaving a mere 31.51% to cavort short.
On the moves of the ETH price and forthcoming acts
By AMBCrypto’s scholarly technical lore, ETH returned to test the fabled grounds of $4,500, which transformed into a bastion of support post-breakout.
To jest, its prior ascent was born from a triumphant leap above this very threshold, and though it revisited the stage at press time, the troupe remained buoyant. During the most recent fall, ETH met resistance at a descending trendline – the ascent above that bastion untangled a path for further elevation.
Should ETH grip its hold above $4,500 with the tenacity of a lovesick youth, it might waltz towards $4,865. Yet, should it fall beneath $4,500, like a tragic Shakespearean twist, the bullish fable could unravel, beckoning a cascade of selling in its wake.
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2025-09-18 05:18