Ethereum (ETH) price prediction: The battle between bulls and bears at the key level of $4000. The market direction in September depends on the strength shift between BTC and ETH.
The cryptocurrency market is迎来关键转折点 in September, with the three core assets showing different technical patterns. Ethereum ( ETH ) is fiercely competing around the psychological level of $4500, and whether it can close strongly will determine if the alt season can be triggered; Bitcoin ( BTC ) needs to hold the support level of $110000 to avoid a deep pullback, while whale selling pressure intensifies short-term fluctuations; Solana ( SOL ) is hovering around the neckline position of $200, and a breakout may look towards the range of $225-$260. The overall market direction remains unclear, with conflicting signals from macro data and the demand for capital rotation, investors need to closely follow the changes in BTC dominance and the activity level of the ETH ecosystem to judge the trend reversal.
Ethereum at $4000 Becomes the Tipping Point for Bull and Bear, Ecosystem Activity is the Key to Sustained Rise
Ethereum entered a consolidation phase after reaching an all-time high of $4946 in August, with prices fluctuating between $3800 and $4200 at the beginning of September. Industry expert Leo Zhao pointed out that whether ETH can hold above $4000 will determine if the market will usher in the long-awaited alt season. If it falls below $3800 and overall liquidity tightens, it would indicate a risk of market weakness. Eneko Knorr, founder of Stabolut, believes that as the preferred chain for institutional funds and asset tokenization, Ethereum needs to take a breather after a significant rise, with the $3550-$3600 area becoming an important defense line. Sunil Raina, CEO of CereBree, added that if the weekly close is strong above $4000, the target range would be $4400-$4600. Analysts unanimously agree that DeFi trading volume, Layer 2 adoption rate, and the vitality of ecological projects will be the ultimate fuel for Ethereum's sustainable rise.
The $110,000 support level for Bitcoin is crucial, and Whale selling pressure triggers a chain reaction
Bitcoin faced a significant sell-off after breaking through the support level of $114,500. Abbas Abdul Sater, the sales director at Capital.com, revealed that a Whale sold 24,000 BTC in one go, exacerbating the market decline. Currently, $110,000 has become a critical support level that must be defended, as losing it could lead to further panic selling. Sunil Raina pointed out that Bitcoin's performance at the beginning of September will determine the trend of altcoins – if BTC cools down and its dominance decreases, funds may rotate into major altcoins like Ether; however, if macro data is strong or Bitcoin rises quickly again, the alt season may be delayed. Bitcoin's position as the primary liquidity magnet is unlikely to be shaken in the short term.
Solana breaks through the $200 neckline, technical indicators point to a target of $225-$260
Solana(SOL) is currently hovering around the key technical level of $200. A successful breakthrough is expected to open up upward space towards $225-$260. As the most direct competitor to Ethereum, Solana's performance often has a seesaw effect with ETH. If Ethereum holds steady at $4000 and boosts alt season sentiment, Solana, as a high Beta asset, may achieve greater gains. Investors need to closely monitor the changes in TVL of DeFi protocols within its ecosystem and the progress of institutional adoption, as these fundamental factors will support the effectiveness of technical breakthroughs.
BETH Token Sparks Community Controversy, Ethereum Economic Model Under Review
At the same time, the Ethereum Community Fund (ECF) recently launched BETH—a destruction proof token representing destroyed ETH, sparking intense debates about scarcity, governance, and monetary design. BETH serves as a tradable on-chain representation of permanently destroyed Ethereum and can be used for governance, incentives, and experimentation with new financial tools. However, Ethereum core developer Zak Cole emphasized that BETH should only be regarded as a receipt for destroyed ETH, not as a new token with independent value. Since the London upgrade in 2021, the network has destroyed approximately 4.6 million ETH, while issuing over 8 million new tokens, leading to questions about Ethereum's deflationary trajectory. Co-founder Joseph Lubin, on the other hand, is optimistic that burning ETH will give rise to new industries and become a popular mechanism in Web3 gaming.
The uncertainty of the macro environment continues, and the market is waiting for clear policy signals
Current macro data paints a contradictory picture: Federal Reserve Chairman Powell hinted at possible rate cuts at the Jackson Hole meeting, but strong labor and housing data support the soft landing narrative, which may delay policy easing. This uncertainty leaves the cryptocurrency market lacking clear direction, and investors should focus on key data releases such as U.S. non-farm payrolls and CPI inflation, which will influence market expectations regarding liquidity.
Conclusion
The cryptocurrency market in September is at a critical turning point, with the Ethereum to Bitcoin exchange rate, changes in BTC dominance, and macro policy signals collectively determining the next direction. On the technical side, key observation levels are set at $4000 for Ethereum, $110000 for Bitcoin, and $200 for Solana. Although innovative experiments like BETH demonstrate the vitality of the Ethereum ecosystem, the controversy surrounding the inflation model remains a potential concern. Before the market direction becomes clear, investors should remain cautious, focusing on signs of capital rotation and substantial progress in the ecosystem's fundamentals, rather than merely chasing price fluctuations.
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Ethereum (ETH) price prediction: The battle between bulls and bears at the key level of $4000. The market direction in September depends on the strength shift between BTC and ETH.
The cryptocurrency market is迎来关键转折点 in September, with the three core assets showing different technical patterns. Ethereum ( ETH ) is fiercely competing around the psychological level of $4500, and whether it can close strongly will determine if the alt season can be triggered; Bitcoin ( BTC ) needs to hold the support level of $110000 to avoid a deep pullback, while whale selling pressure intensifies short-term fluctuations; Solana ( SOL ) is hovering around the neckline position of $200, and a breakout may look towards the range of $225-$260. The overall market direction remains unclear, with conflicting signals from macro data and the demand for capital rotation, investors need to closely follow the changes in BTC dominance and the activity level of the ETH ecosystem to judge the trend reversal.
Ethereum at $4000 Becomes the Tipping Point for Bull and Bear, Ecosystem Activity is the Key to Sustained Rise
Ethereum entered a consolidation phase after reaching an all-time high of $4946 in August, with prices fluctuating between $3800 and $4200 at the beginning of September. Industry expert Leo Zhao pointed out that whether ETH can hold above $4000 will determine if the market will usher in the long-awaited alt season. If it falls below $3800 and overall liquidity tightens, it would indicate a risk of market weakness. Eneko Knorr, founder of Stabolut, believes that as the preferred chain for institutional funds and asset tokenization, Ethereum needs to take a breather after a significant rise, with the $3550-$3600 area becoming an important defense line. Sunil Raina, CEO of CereBree, added that if the weekly close is strong above $4000, the target range would be $4400-$4600. Analysts unanimously agree that DeFi trading volume, Layer 2 adoption rate, and the vitality of ecological projects will be the ultimate fuel for Ethereum's sustainable rise.
The $110,000 support level for Bitcoin is crucial, and Whale selling pressure triggers a chain reaction
Bitcoin faced a significant sell-off after breaking through the support level of $114,500. Abbas Abdul Sater, the sales director at Capital.com, revealed that a Whale sold 24,000 BTC in one go, exacerbating the market decline. Currently, $110,000 has become a critical support level that must be defended, as losing it could lead to further panic selling. Sunil Raina pointed out that Bitcoin's performance at the beginning of September will determine the trend of altcoins – if BTC cools down and its dominance decreases, funds may rotate into major altcoins like Ether; however, if macro data is strong or Bitcoin rises quickly again, the alt season may be delayed. Bitcoin's position as the primary liquidity magnet is unlikely to be shaken in the short term.
Solana breaks through the $200 neckline, technical indicators point to a target of $225-$260
Solana(SOL) is currently hovering around the key technical level of $200. A successful breakthrough is expected to open up upward space towards $225-$260. As the most direct competitor to Ethereum, Solana's performance often has a seesaw effect with ETH. If Ethereum holds steady at $4000 and boosts alt season sentiment, Solana, as a high Beta asset, may achieve greater gains. Investors need to closely monitor the changes in TVL of DeFi protocols within its ecosystem and the progress of institutional adoption, as these fundamental factors will support the effectiveness of technical breakthroughs.
BETH Token Sparks Community Controversy, Ethereum Economic Model Under Review
At the same time, the Ethereum Community Fund (ECF) recently launched BETH—a destruction proof token representing destroyed ETH, sparking intense debates about scarcity, governance, and monetary design. BETH serves as a tradable on-chain representation of permanently destroyed Ethereum and can be used for governance, incentives, and experimentation with new financial tools. However, Ethereum core developer Zak Cole emphasized that BETH should only be regarded as a receipt for destroyed ETH, not as a new token with independent value. Since the London upgrade in 2021, the network has destroyed approximately 4.6 million ETH, while issuing over 8 million new tokens, leading to questions about Ethereum's deflationary trajectory. Co-founder Joseph Lubin, on the other hand, is optimistic that burning ETH will give rise to new industries and become a popular mechanism in Web3 gaming.
The uncertainty of the macro environment continues, and the market is waiting for clear policy signals
Current macro data paints a contradictory picture: Federal Reserve Chairman Powell hinted at possible rate cuts at the Jackson Hole meeting, but strong labor and housing data support the soft landing narrative, which may delay policy easing. This uncertainty leaves the cryptocurrency market lacking clear direction, and investors should focus on key data releases such as U.S. non-farm payrolls and CPI inflation, which will influence market expectations regarding liquidity.
Conclusion
The cryptocurrency market in September is at a critical turning point, with the Ethereum to Bitcoin exchange rate, changes in BTC dominance, and macro policy signals collectively determining the next direction. On the technical side, key observation levels are set at $4000 for Ethereum, $110000 for Bitcoin, and $200 for Solana. Although innovative experiments like BETH demonstrate the vitality of the Ethereum ecosystem, the controversy surrounding the inflation model remains a potential concern. Before the market direction becomes clear, investors should remain cautious, focusing on signs of capital rotation and substantial progress in the ecosystem's fundamentals, rather than merely chasing price fluctuations.