#ETH The price movement of ETH in the next three days has a significant level of uncertainty, and the analysis based on various factors is as follows:

From a technical perspective, the ETH price has recently experienced a decline, fluctuating around $4100 on September 25. The 4-hour chart shows that ETH has broken below the demand zone of $4300-$4350, triggering stop-loss orders and causing the price to drop to a low of $4096. The parabolic SAR indicator remains above the price, indicating a continued bearish trend, but the 200-day moving average (located at $3992) will still serve as a long-term support for the ETH price movement. If it can stabilize above $4300, it may attempt to challenge resistance levels at $4440 and $4665 in the short term.

From the perspective of market sentiment and capital flow, the long/short ratio of ETH is currently 1.055, the highest level since October 21, 2024, indicating that traders have a strong bullish sentiment. Last week, the inflow of Ethereum ETFs reached $1.12 billion. Although the spot capital flow is bearish, BlackRock continues to lead the accumulation, and the ongoing ETF demand may help offset the weakness driven by exchanges. However, on September 22, there was a net outflow of $274 million, one of the largest single-day withdrawals this quarter, and the continued negative net outflow has created liquidity pressure, which has also exerted a certain degree of suppression on the price.

Some institutions and analysts have differing opinions, with MEXC predicting the ETH price to be $3338.2472 on September 26. Meanwhile, CoinCodex forecasts that by September 30, the price of Ethereum could soar to $4616.
Overall, in the next three days, the price of ETH may fluctuate between 3950 USD and 4400 USD. If it can effectively break through the resistance level of 4300 USD, it is expected to rise to 4440 USD or even higher in the short term; if it cannot hold the support level of 3950 USD, it may further decline to around 3800 USD. The above content is compiled from publicly available information and does not constitute any investment advice.