Decode the ETHEREUM test of $ 4400 – are these differences a sign of a rally or a sales trap? star-news.press/wp

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Ethereum faces $ 4400 resistance with rising signals on the chain, feverish leverage, and liquidity groups are ready to cause great moves.

ETHEREUM (ETH) extended its collection of $ 2400 to test the $ 4400 resistance on the plans. In fact, this is the level that sparked repercussions in the past for ETH.

At a value of $ 4,206 at the time of the press, it can be said that the market is at a decisive turning point.

More importantly, in the long run on the chain Signs It has been up to ascending recently. For example-the percentage of exchange supplies (ESR) has decreased steadily since 2022, reflecting the liquidity decrease in the sale side and stronger accumulation trends.

On the contrary, documents for confidence drew a shorter warning. ESR had climbed since early 2025, along with noticeable flows – conditions are often associated with selling preparation.

Such a difference between the total force and tactical caution may hint at the next possible fluctuations.

Is the Ethereum chart insulted to an outbreak or exhaustion point?

At the time of this report, The Daily Chart revealed that Ethereum was testing a $ 4400 barrier, while maintaining support near $ 4000.

The relative power index is about 71 – a sign that the market may enter the peak area. In fact, Fibonacci accessories set $ 4,302 as the immediate upward trend and $ 4886 as the next goal if the momentum continues.

However, the high RSI readings mean that achieving profit may be a real possibility. Thus, merchants may need to be monitored by some signs of fatigue.

Source: TradingView

Do future traders push the leverage to the maximum dangerous limits?

The “high temperature” futures volume data has been reported as heavy situations that accumulated in the last sessions.

Now, although the leverage can accelerate the upward moves, it can easily facilitate the fueling of sharp qualifications if the feeling of itself turns.

Historically, the feverish derivative markets rapidly raised a rapid recovery, especially near heavy resistance levels. Thus, the question is – Can buyers maintain control without raising forced relaxation?

source: Cryptoquant

Do the whales pull ETH from the exchanges forever?

Netflow data highlighted the external flows of $ 245.57 million on August 10, adding to a modern pattern of continuous pulpita withdrawals.

Such negative networks usually reflect investors who transport assets to the self -body, which is in line with accumulation behavior and reduce sales pressure in the short term.

However, the presence of positive ESR readings indicates that some traders are still moving coins towards the central stock exchanges for potential for sale.

The tension of the rope between accumulation and preparation for sale can provide an unconfirmed environment in the short term. This, despite the long -term structure that remains favorable to make more gains.

Source: Coinglass

Will the liquidation areas fill the next step for Ethereum?

The map of the heat for liquidation confirmed dense groups ranging from $ 4,300 and 4,400 dollars – levels can work as a direct -term price singer.

The decisive collapse over these groups can lead to the interaction of a series of short qualifications, which speeds up the gathering towards the top Vibonacci goals.

On the contrary, failure here may call for a heavy sale and a decrease towards the level of support of $ 4,000. How to behave ETH about these liquidity pockets can dictate the next direction.

source: Coinglass

Will Ethereum $ 4400, despite excessive risk of peak?

The Ethereum structure and the data on the chain prefer to make an outbreak of more than $ 4400, despite the excessive RSI conditions in the peak.

Continuous exchange flows, ESR decline, strong accumulation, risks resulting from Binance Esr and high financial lever.

If the bulls maintain their momentum, there may be a crowd of about $ 4,800. This would enhance the upscale path, while reducing the effect of cooling in the short term of feverish readings at the time of the press.