Key Notes

On-chain data shows ETH’s supply in profit recently peaked at 99.68%, a level that has historically preceded price corrections.

Analysts highlight $4,800-$4,880 as the key resistance range for an Ethereum price breakout.

On the other hand, $4,200-$4,400 remains a strong support zone, keeping the broader bullish outlook intact.

Ethereum ETH $4 533 24h volatility: 2.3% Market cap: $546.93 B Vol. 24h: $33.97 B price is currently facing major selling pressure, correcting over 3%, and slipping all the way to $4,500 levels.

This comes amid strong profit booking for the altcoin and selloff across the broader crypto market.

Historically, September has been a weak month for Ethereum, with its price giving a median return of negative 12.47% since launch.

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