According to Coindesk data, Ether (ETH) traded to $ 4,506, dropped 0.5% in the last 24-hour period, per day. 12:24 ADC on September 16, and slipped a little over the last 24 hours as dealers debate whether this withdrawal will create the next rally.
Foundation’s vision
Mark Newton, Global Head of Technical Strategy at Fundstrat Global Advisors, described the decrease as the correction that the market missed last week.
He does not expect ether fall below its prior low at $ 4,233. Instead, he sees possible dips for $ 4,418 or $ 4,375 after the end of the week – levels he calls purchase options. Newton Projects Ether could climb $ 5,500 in mid -October and point to continued market strength.
Coindesk Research’s technical analysis
According to Coindesk Research’s technical analysis data model, Ether lost approx. 3% during the September 15th trade window and fell from a highlight of $ 4,619 to about $ 4,500.
The steepest slide took place between 07:00 and 08:00 ADC as prices fell sharply from $ 4,632 to $ 4,514. Trade activity increased during this period, with volume more than doubled the daily average of 194,000 units and the total revenue for the session reaching 501,741 units.
After touching a low level of $ 4,471, buyers stepped in to slow down the decline. This level has worked as a short -lived “floor.” On the head fought ether to move past $ 4,671, which has served as a “ceiling.”
Later at the session, between 23:00 UTC on September 15 and 00:00 UTC on September 16, stabilized prices. Ether angled up from $ 4,497 to $ 4,505 and narrowed to a tight band between $ 4,479 and $ 4,505. Buyer interest around $ 4,490- $ 4,495 helped stabilize the market, but the token could not regain $ 4,530, which showed that sellers still had higher levels.
In total, the trade window covered a number of $ 200 between $ 4,471 and $ 4,671, which emphasized increased uncertainty. The data shows ether, which begins to stabilize after the sharp fall, with demand visible at lower levels, but strong resistance that closes in the short term.
Latest 24-hour card analysis
The latest Coindesk Data Card was generated at 1 p.m. 12:24 ADC on September 16, ether, which holds nearly $ 4,506 after a turbulent day. The token stays boxed between its $ 4,471 floor and $ 4,671 ceiling, with little progress in breaking higher. Trade over the past 12 hours has tilted against consolidation and signaling that the market may be waiting for the next catalyst after Monday’s heavy sale.
Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance with Our standards. For more information, see Coindesk’s full AI policy.
