Ethereum is holding above the $4,450 support zone, which many analysts see as critical. The technical pattern forming is a bull pennant, which often signals continuation after consolidation.
If ETH breaks above the pennant’s upper trendline, targets between $6,000 to $6,750 come into view. ETF inflows are helping. On September 15, Ethereum ETFs saw $360 million in inflows, more than many expected.
Surprisingly, reports show that whales sold over 90,000 Ethereum in the last 48 hours. ETH faces resistance around $4,800–$5,000; failure to break through could lead to tests of lower supports like $4,000 or even lower if sentiment turns.