Ethereum Tests $4,300 Zone for Third Time: Is This Retest Stronger Than Before?

Ethereum has recently tested the $4,300 zone for the third time in history, with over $8 billion in August demand pushing it to new heights. This latest retest marks a shift from past patterns, as accumulation wallets now hold 24.3 million ETH, reducing circulation and bolstering long-term stability. The surge in price is notable, with Ethereum surging 3.5x in just four months while maintaining a stable presence above the $4,000 level. This strong momentum comes from a confluence of factors: robust demand, increased institutional interest, and a supply mechanism that favors buyers.