Journalist
Posted:
Source: CryptoQuant
ETH steadies above support levels
At press time, ETH traded at $4,384, managing to stay above its 20-day EMA at $4,375 despite recent pullbacks. The price action consolidated after a strong August rally, with buyers defending short-term support zones.
Source: TradingView
The RSI showed neutral momentum. Meanwhile, the 50, 100, and 200-day EMAs trended upward; so the broader structure remains bullish.
This cooling-off phase indicates that ETH is digesting gains rather than breaking down, keeping bulls in control as long as the $4,300-$4,375 support range holds firm.
Source: https://ambcrypto.com/how-2-7b-ethereum-outflow-from-binance-stirred-eth-rally-hopes/