Despite Ethereum’s price hovering around the $4,300-$4,400 mark, strong accumulation is observed with a $7.5 billion base forming in this range. This robust support fosters bullish sentiment among analysts who anticipate Ether reaching highs of $6,500 by year-end. 1.7 million ETH have accumulated at the $4,300-$4,400 level, highlighting investor interest amidst sideways price action. Simultaneously, institutional involvement is surging. The Chicago Mercantile Exchange (CME) reports record open interest in Ether futures, particularly in short-term maturities, indicating increased confidence and participation. While $4,500 is considered a crucial price point for Ethereum, a breakout could initiate a strong upward trend; however, dips towards $4,000 remain possible amid market volatility. Data from CryptoQuant reveals large ETH outflows from Binance during this accumulation phase. Notably, depositors on Binance have a lower average cost basis around $3,150, suggesting different strategies between long-term holders and active traders. Technical analysis for September shows Ether trading mostly within the $4,200 to $4,500 range, reflecting short-term indecision. In contrast, Bitcoin and Solana are showing clearer upward trends, potentially indicating capital rotation within the sector. Noted trader Merlijn predicts a bullish monthly momentum shift based on the MACD indicator turning green and forecasting a parabolic rally if Ether clears the $4,500 resistance level. Crypto analyst Pelin Ay suggests that despite potential liquidation risks, Ether’s broader trend remains upward, with a projected peak around $6,800 before year-end. Investors venturing into the market should conduct their own research as all investment and trading carries inherent risks.