Ether (ETH) traded around $4,506 on Tuesday, showing modest losses of 0.5% in the past 24 hours as traders assess whether the recent pullback sets up the next leg higher. The market has seen heightened volatility following sharp price swings over the previous sessions.
Fundstrat Outlook
Mark Newton, Global Head of Technical Strategy at Fundstrat Global Advisors, describes the recent decline as the correction the market missed last week. Newton anticipates dips to $4,418 or $4,375 as buying opportunities and projects that ETH could rise to $5,500 by mid-October, supported by ongoing market momentum.
Technical Developments
CoinDesk Research data shows ETH fell about 3% on Sept. 15, dropping from $4,619 to around $4,500. The steepest decline occurred between 07:00 and 08:00 UTC, when prices slid from $4,632 to $4,514, with trading volumes more than doubling the daily average of 194,000 units. Total turnover for the session reached 501,741 units.
Buyers stepped in at $4,471, creating a short-term floor, while $4,671 continues to act as resistance. Later in the session, ETH consolidated between $4,479 and $4,505, as buying interest around $4,490–$4,495 prevented further losses. However, sellers held the upper hand above $4,530.
Market Sentiment
The $200 trading range highlights ongoing uncertainty, with ETH caught between support and resistance levels. Consolidation suggests traders are awaiting the next catalyst after Monday’s selloff, as the market weighs short-term correction against potential for renewed upside.
