Ethereum Shows Bullish Signs as On-Chain and Technical Indicators Align

Ethereum ($ETH), the second-largest cryptocurrency, is showing strong bullish momentum, rising over 1% in the past 24 hours to touch $4,600. This rally follows a 25 basis point interest rate cut by the U.S. Federal Reserve.

Bullish On-Chain Data

On-chain indicators for the Ethereum network are painting a positive picture, suggesting the price could continue to climb. These indicators include:

• Rising Whale Demand: Large investors are accumulating ETH, showing confidence in its future performance.
• Low Selling Pressure: The market is experiencing reduced sell-offs.
• Network Activity Recovery: The network is seeing a surge in activity, which often precedes price rallies.
• Increasing Stablecoin Supply: A growing supply of stablecoins on the network indicates a readiness of capital to be deployed into assets.

Technical Outlook and Key Price Levels

From a technical perspective, the ETH/USD 4-hour chart appears bullish. Both the Relative Strength Index (RSI) at 54 and the Moving Average Convergence Divergence (MACD) show that buyers have regained control of the market.Analysts are eyeing the next resistance level at $4,778. A sustained bullish trend could lead to a retest of its all-time high of $4,956. However, if the market corrects, ETH could fall back to test its support at $4,427. A failure to hold this level could see the price drop further to $4,202.

September 2025, Cryptoniteuae