ETH builds $7.5B base as analysts predict $6,500 Ether by year-end

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Key takeaways:

  • About 1.7 million ETH ($7.5 billion) were scooped up like the last piece of cake at a party, between $4,300 and $4,400, solidifying a pretty hefty cushion.

  • Big institutions are jumping on the train like it’s a Black Friday sale, with CME open interest skyrocketing to all-time highs, mostly in the short-term stuff (because why not make it a rollercoaster ride?).

  • $4,500 is still the golden ticket for Ether, but let’s not ignore the possibility of it dipping to $4,000. We’re in a market where anything can happen-except for that big reality check.

Ether (ETH) is doing its best impression of a bored cat on the windowsill, chilling between $4,500 and $4,200 this month. No big moves, just a quiet hum as it reflects on its life choices. The enthusiasm? Fading. But hold on, onchain data suggests there’s some deep-pocketed accumulation going on, so maybe it’s just biding its time before a grand comeback. 🐱

CryptoQuant has some juicy info-around the $4,300-$4,400 zone, approximately 1.7 million ETH (that’s $7.5 billion, people) have been packed into addresses like canned beans in a survivalist’s pantry. It’s a strong support base, waiting for the price to test lower levels again. Like an army of ants gathering, it’s ready to spring into action if necessary. 💰

Binance has been busy handling the largest outflows during this accumulation phase. But here’s the kicker-addresses depositing ETH onto Binance have an average cost basis closer to $3,150. Seems like long-term holders and active traders are playing in different leagues. 🏟️

Then there’s the institutional action. Open interest on CME is popping off, with short-term contracts leading the charge. It’s like a bunch of big guys in suits betting on who gets the first slice of cake. 🎂 But there’s also a longer-term build-up, suggesting that big money believes in Ether’s future, like believing that the cake was worth it after all.

Now, let’s bring in the analyst Pelin Ay, who seems to think Ether’s got more juice left in it. At the current price near $5,000, Pelin expects ETH to hit $6,800 by year-end, maybe even more if the institutional demand continues. But you know, volatility is like that unpredictable friend who might show up uninvited. 🙃

“My expectation is that ETH could reach the $6,800 resistance level by year-end.”

$4,500 remains the key inflection level for Ether

Technically speaking, the price movement of Ether is like trying to decide whether to go to bed early or binge-watch one more episode of a show. It’s torn between $4,200 and $4,500 throughout September, while other cryptos like Bitcoin and Solana have been making higher highs. Ether? Eh, it’s having an identity crisis. It could rally, sure, but don’t count on it until we see a solid break above $4,500. 🎢

Of course, we can’t ignore the possibility of a liquidity sweep down to $4,000. If Ether stays weak going into Q4, don’t be surprised if it dips below $4,200, but hey, that’s just the market being a bit of a drama queen. 💅

Merlijn, our resident crypto trader, seems to think an immediate rally is more likely than not. According to them, a key monthly indicator just turned green, and after three years of pent-up pressure, it’s ready to explode. Merlijn says:

“MACD just flipped green. 3 years of pressure coiled and ready to detonate. Monthly candle says only one word: BULLISH. Clear $4,500 and Ethereum goes parabolic.”

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2025-09-11 21:12