TL; Dr.
- Ethereum reflects global liquidity trends, leaving accumulation and entering a long -term potential bull phase.
- $ 4,520 remains a key resistance level for ETH; A break could trigger a rally to $ 4,800 or more.
- September can be weak, but the fourth quarter often turns reach, averaging profits from October to December.
Ethereum moves with a change in global liquidity
Ethereum shows a pattern that closely tracks the global M2 liquidity movement. A table shared by analyst Merlijn, the merchant, shows the price of ETH increasing along with a broader liquidity growth.
Interestingly, the accumulation zone, marked below the level of $ 2,750, seems to have finished, since ETH enters a new phase labeled as “Bull Run” in the table. Merlijn said:
“The accumulation is made. Toro’s career is alive” and added: “This is not Hopium, it is macro.”
The picture shows that both ETH and liquidity move higher, suggesting that Ethereum is responding to changes in the broader money supply.
Ethereum is tracking global liquidity
The accumulation is performed.
The bull is alive.Global liquidity is expanding higher and $ Eth It is reflecting the movement.
This is not Hopium, it is macro.Strange now and you will pursue above $ 6K. pic.twitter.com/ggc2p5gxds
– Merlijn the merchant (@merlijentrader) August 31, 2025
Ethereum is quoted just below a key resistance level at $ 4,520. The analyst Lennaert Snyder published a liquidity heat map that shows a high concentration of sales orders around that area.
“Liquidity ETH in the key resistance of $ 4,520. Could Ethereum recover it today?” asked.
A movement through this level could open the way for a greater rise, but the failure to eliminate it can result in short -term setbacks.
The market awaits the rupture of the triangle pattern
In the 4 -hour table, Ethereum is compressing inside a symmetrical triangle. This pattern has developed for more than 10 days. Snyder said that a break is likely to be soon, given the narrowing price range.
$ Eth about to choose an address.
It is in compression for 10 days, a break should occur soon.
If Ethereum explodes up, we probably go for the range of $ 4,800.
A downward rupture leads to ~ $ 4,000 as the first level of support. pic.twitter.com/pckkgsvoam
– Lennaert Snyder (@lennaertsnyder) September 1, 2025
An upward break would put $ 4,837 at stake as the next objective. If the asset collapses, the first support area is about $ 4,071, followed by additional areas to $ 3,900 and $ 3,700. These levels could attract buyers if the price moves lower.
Season history shows a mixed perspective
The previous data suggests that September has often been a weak month for Ethereum. The Cipher X analyst said that the average yield for September is -6.1%. Years like 2020 and 2022 saw drops of two digits, although 2021 saw a strong rally.
Cipher said,
“September can be choppy, but the months that have usually been much more friendly with ETH.”
October, November and December have often seen price recoveries, with average yields of more than 6% in each of those months.
Ethereum now sits at a critical point, with macro factors and technicians who suggest that a movement is close.
Free Binance $ 600 (Cryptopotato Exclusive): Use this link to record a new account and receive an exclusive welcome offer of $ 600 in Binance (Complete details).
Limited offer for Cryptopotate readers at Bybit: Use this link to register and open a free $ 500 position in any currency!
