- ETH faces strong rejection near $4,400, with moving averages now acting as resistance.
- Open interest jumps 1.91% amid rising volume, signaling trader buildup near $4K.
- Historical Q4 rallies follow stabilizing Q3s, raising expectations for another bullish run.
Ethereum is stuck just below $4,150 resistance after losing support earlier this month. With mixed futures activity and weak momentum, traders are watching closely—will ETH break higher or fall back toward stronger support near $3,400–$3,600?
ETH Hits a Critical Resistance Zone
As of now, ETH is trading around $4,108 with a 2.42% gain in the last 24 hours. How it moves next could shape its path into the final quarter of 2025.After reaching a peak in early September, Ethereum has been slowly sliding down.
It’s now stuck just below the $4,150 level, which used to be support but is now acting as resistance. Moving averages like the 9-day EMA and 50-day SMA are sitting above the price, adding to the selling pressure.
The $4,400 area has also turned into a major supply zone where some buyers are trapped and selling to cut losses. Right now, ETH’s momentum is weak around $4,094.ETH needs to close above the 9-day EMA for the bulls to take control.If it fails, the price could drop further, to the next support between $3,400 and $3,600.
Futures Activity Signals Big Moves Ahead
Ethereum’s futures market is heating up, with trading volume jumping 39% to $198 billion in just one day. Open interest also rose nearly 2%, showing traders are gearing up for a big move. But with longs and shorts almost even, the market remains uncertain on which way it’ll go.
Despite this, ETH has been strong overall, gaining over 64% in the past 90 days and nearly 23% this year. As long as it holds above $4,000, bulls have a good chance to push prices higher, though some caution remains.
Q4 Could Bring Strong Gains Despite a Rough Q3
Looking back, Ethereum often bounces back big in Q4, even if Q3 was shaky. Take 2023, for example—ETH dipped in Q3 but then surged more than 36% in Q4. We saw similar moves in 2017, 2020, and 2021.
These rallies happen because investors buy more near the year-end, retail interest increases, and Ethereum upgrades bring excitement. Now, with ETH around $4,150 to $4,400, traders are watching closely for the next move.
