Ethereum (ETH) is currently experiencing a period of price uncertainty. While hovering near the $4,350 mark, the cryptocurrency faces resistance at the $4,800 level before potentially retreating to the $4,300 region. The global crypto market cap also rose by 1.21% on September 2, 2025, reaching $3.83 trillion. CryptoQuant analyst CryptoOnchain notes that this price movement is attributed to resistance at $4,800 before a pullback towards the $4,300 region. Strong support remains near $4,000. 📊 On-chain data indicates a bullish trend as ETH balances on Binance and OKX deposits decreased sharply, marking a yearly low. This coincides with a softening of sell pressure on Bitcoin (BTC) since August’s price surge, as evidenced by reduced exchange reserves. 📈 Whale activity is also contributing to the current momentum. According to analyst Crypto Patel, large investors amassed over 260,000 ETH in just 24 hours. This activity signals significant accumulation and positions smart money ahead of a potential bullish move if demand continues to grow.