Key Takeaways:
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Refusal to buy spot and Spot Ethereum ETF Outflows signal that weakens demand.
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ETH technical prices show the likelihood of a collapse at $ 3,5000.
Ether (Eth) The price has formed a series of lower and lower lows in the daily candle chart since reaching all the time of $ 4,950 on August 14th.
As the price dropped, it dropped $ 4,500 in the fight, a level that prevented Altcoin for more than 10 days. Let’s see what Capping Bitcoin is at $ 4,500.
ETH consumers turn away
Ether’s ability to push above the resistance to $ 4,500 appears to be limited due to the lack of consumers.
The Delta Metric volume area, an indicator that measures the difference -the net between the purchase and sale of trading quantities, shows a negative net spot purchasing in exchanges even with the ETH price combined.
Related: Ethereum metrics tell 2 different different stories today
This indicates that price recovery may lack momentum, which potentially leads to continuous integration OA deeper pullback.
If nothing really demands, any breakout attempt may lack the strength required to push the ETH above the basic levels. So consumers should take steps to continue the long-term utrend.
Demand for Spot Ethereum ETFS also decreases, including these investment products Posting of the flows -day -day last weekData from Sosovalue shows.
Only Friday saw Ether ETFs pouring $ 446.8 million, carrying a total flow last week at -$ 787.6 million. As it is, ETH should find fresh buyers to break the current range Back to $ 5,000.
Reducing Ether Open Interest
Reduced demand for action resulted in a sharp fall in ether futures open interest (OI), which fell 18% to $ 58 billion at the time of writing, from a All-Time High $ 70 Billion On August 23.
The Open interest Measures the total number of ETH futures contracts available in each exchange of derivatives, including CME, Binance, Bybit and OKX.
Although futures longs (buyers) and shorts (seller) are always matched, decline in the OI suggests reduced action and market participation, which potential signs of vulnerable bullish feelings.
For example, a 18% drop in OI between July 28 and August 3 was accompanied by a 15% collapse in the ETH price.
The Ethereum network activity activity with price
As cointelegraph reported.
Income for August reached more than $ 14.1 million, down from $ 25.6 million of July, According to At the token terminal. The fall occurred In spite of the ethriene of ETH of 240% Since April and ETH that hit a full time high of $ 4,957 on August 24th.
The fall came next to about a 10% collapse on network fees in the last 30 days, up to $ 43.3 million, data from Nansen shows.
A large portion of Ethereum collapse came as a result of Dencun upgrading in March 2024lowering transaction fees for layer-2 scaling networks using it as a base layer to post transactions.
It cuts paid revenue and affects the ETH deflationary mechanism, which potentially weakens Ether’s price momentum.
ETH technical prices put $ 3,550 in play
Since mid-August, the price of ETH has developed a lowering triangle pattern in its daily chart, characterized by a flat support level mixed with a line of resistance to the downward.
A downward triangle chart pattern That develops after a strong -to -date is seen as an indicator of bearish return. As a rule, the setup is resolved when the price breaks below the level of flat support and has dropped a greater number of the maximum height of the triangle.
A day -to -day candle under the triangle support line to $ 4,200 will confirm the continuation of the downtrend toward the measured pattern target at $ 3,550, down 18% from current price levels.
However, some analysts argue that a bounce may occur earlier. Investor and businessman Ted Pillows said the ETH price was “looking strong” above $ 4,200, adding that a deeper collapse to assess $ 3,800- $ 3,900 was possible before a reflection.
$ Eth is holding above the $ 4.2k support level.
The Ethereum price action does not look strong, as each small bounce is getting completely restored.
Looking for a possible retest of the $ 3.8k- $ 3.9k zone this month before upside down. pic.twitter.com/xhbardkfxy
– TED (@TEDPILLOWS) September 8, 2025
As cointelegraph reportedAnother potential place to watch for a rebound is $ 3,745 if the $ 4,250 support is lost.
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
