Ethereum Mirrors Global Liquidity, Eyes $4,520 Breakout
Ethereum is entering a potential long-term bull run as it mirrors the expansion in global M2 liquidity. After exiting the $2,750 accumulation zone, ETH now faces a crucial level at $4,520. A breakout above this resistance could propel prices toward $4,800–$4,837. On shorter timeframes, Ethereum is compressing within a symmetrical triangle on the 4-hour chart, signaling an imminent breakout. Upside moves target $4,800, while a downside breach risks support at $4,071, $3,900, and $3,700. Seasonal trends suggest September may be weak with an average return of -6.1%, but historically, October to December deliver gains above 6%. Traders should monitor these resistance and support levels alongside liquidity trends and technical indicators to capitalize on Ethereum’s next big move.
Bullish
Ethereum’s tight correlation with global liquidity growth provides a strong macroeconomic foundation for price appreciation. The end of the $2,750 accumulation zone indicates growing demand from institutional and retail investors. Technically, the symmetrical triangle pattern on the 4-hour chart often precedes significant price moves; a breakout above $4,520 resistance could trigger a rapid rally toward $4,800–$4,837, as seen during previous bull runs in 2021 when liquidity surged. Seasonal historical data further supports a bullish outlook: despite a typical September dip, Q4 has consistently delivered average gains exceeding 6%. In the short term, traders should watch for breakout confirmation or a failed test at resistance. In the long term, sustained liquidity expansion and positive seasonal momentum may drive Ethereum to new highs.