TLDR:
- Ethereum trades around $4,495 with price holding above $4,400 short-term support zone highlighted by Daan Crypto Trades.
- Price action remains choppy between $4,100 and $4,800 as traders wait for FOMC clarity.
- $BMNR continues buying ETH, though accumulation has slowed slightly as mNAV cools.
- The $4,868 level stays the main resistance as bulls aim for a $5K breakout later this cycle.
Ethereum traders are bracing for another volatile session as price holds just above a critical support area. The market has been ranging for days with price swings shaking out both longs and shorts. Traders are waiting for clarity from today’s FOMC decision.
Price is holding near $4,500, a level closely watched by bulls and bears alike. Market participants are cautious but still looking for a push toward $5,000.
Ethereum Price Holds $4,400 Support
According to Daan Crypto Trades, Ethereum has seen heavy action after two slow weeks. He pointed to the $4,400 level as the key short-term area to hold. The level lines up with the 4H 200MA, making it a zone many traders are watching closely.
$ETH Has seen quite a bit of action the past few days after a slow 2 weeks of trading.
FOMC is coming up today and we have seen plenty of stop hunts and low timeframe squeezes towards both sides.
The key level to hold in the short term is this ~$4400 area for ETH.
The main bid… pic.twitter.com/tum8zpVy7n
— Daan Crypto Trades (@DaanCrypto) September 17, 2025
The chart shows ETH moving within a $4,100 to $4,800 range. Each price move has been quickly faded as market makers hunt stops on both sides. This has made trading choppy for anyone looking for clean momentum.
Support remains near $4,442, while $4,868, the old all-time high, continues to act as the ceiling. Price is currently above the 4H 200EMA and 200MA, keeping the larger structure bullish as long as it holds.
Per CoinGecko, Ethereum trades at $4,494.90, slightly down 0.17% in the last 24 hours but up 3.93% over the past week.
Choppy Price Action and $BMNR Accumulation
Buying activity continues from $BMNR, though at a slightly slower pace. Their steady accumulation has kept bids active near key support zones. Market watchers suggest that as long as these bids remain, ETH should avoid deeper retracement.
Volume spikes have aligned with price jumps, showing demand near support zones is still present. However, lack of strong follow-through keeps ETH trapped in this range for now.
If $4,400 fails, analysts are watching $4,100 as the next downside target. Until then, traders remain patient and wait for a clean break before committing to new positions.
The overall sentiment stays cautiously bullish with many still targeting $5K once the range resolves. The coming FOMC event could be the catalyst that finally drives price outside this narrow range.
