This matters because a rise in Ethereum's price could indicate a broader recovery in the cryptocurrency market, attracting more investors and potentially leading to increased adoption of digital assets.

Following a rejection at $4,946 on August 24, Ethereum (ETH) is now trading in the low $4,000 level. However, some analysts are still hopeful that ETH is likely to surge beyond $5,000 in the coming weeks, thanks to its rising illiquid supply and positive exchange-traded fund (ETF) momentum. Ethereum To Hit $5,500 In September? According to a CryptoQuant Quicktake post by contributor Arab Chain, Ethereum’s latest upswing in August which pushed the digital asset from a range of $3,700 &#8211; $4,000 to its latest all-time high (ATH) of $4,946, was largely buoyed by broader market rally and positive ETF inflows. Related Reading: Ethereum’s Latest Rally Fueled By Large-Scale Binance Orders, Analyst Says The analyst noted that ETH reserves on Binance crypto exchange witnessed a sharp uptick in August. The quick surge in inflow of tokens to the exchange shows that holders are choosing to sell or take profits at higher prices. Arab Chain shared the following chart which shows both liquid (green) and illiquid (beige) ETH supply. According to the chart, the vast majority of ETH supply remains illiquid, creating a structural supply shortage. On the other hand, the chart shows a slight increase in the liquid supply, suggesting that a portion of ETH has returned to circulation and could add to short-term selling pressure. The analyst remarked: The overall illiquidity of the supply reinforces the long-term bullish outlook. Short-term cautionary signals &#8211; rising Binance reserves combined with a small increase in liquid supply &#8211; suggest a potential correction after the recent strong upswing. If the growth in ETH reserves on Binance shows signs of slowing down or withdrawals resume, the digital asset’s supply shortage will remain pronounced. Consequently, a clear and decisive break above the $4,800 resistance level could propel ETH toward $5,200 &#8211; $5,500 in the near term. The CryptoQuant analyst concluded by saying that September is likely to witness sideways to a slightly bullish move for ETH between $4,300 to $5,000. However, a failure to break through the $4,800 level &#8211; coupled with rising exchange reserves &#8211; could raise the possibility of a correction to $4,200. What’s In Store For ETH? While a breakout above $4,800 is possible, some analysts are tempering their expectations by saying that ETH may test the psychologically important $4,000 level before resuming its uptrend. Related Reading: Whales Load Up On Ethereum, But Analysts Fear $4K Dip Ahead Meanwhile, on-chain data shows whales accumulating ETH at record pace. According to a recent report, ETH whales added a whopping 260,000 ETH to their wallets on September 1. Offering a more ambitious prediction, Ethereum co-founder and ConsenSys CEO Joseph Lubin recently said that “ETH will likely 100x from here.” At press time, ETH trades at $4,429, up 2% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com

هذا مهم لأن ارتفاع سعر إيثريوم قد يشير إلى انتعاش أوسع في سوق العملات المشفرة، مما يجذب المزيد من المستثمرين وقد يؤدي إلى زيادة اعتماد الأصول الرقمية.

تتداول إيثريوم حاليًا في نطاق منخفض يبلغ 4000 دولار، لكن المحللين يعتقدون أنها قد تتجاوز 5000 دولار قريبًا بسبب نقص العرض وزخم إيجابي لصناديق الاستثمار المتداولة.

Esto es importante porque un aumento en el precio de Ethereum podría indicar una recuperación más amplia en el mercado de criptomonedas, atrayendo a más inversores y potencialmente llevando a una mayor adopción de activos digitales.

Ethereum se encuentra actualmente en el rango bajo de $4,000, pero los analistas creen que podría superar los $5,000 pronto debido a una escasez de suministro y un impulso positivo de los ETF.

Cela importe car une hausse du prix de l'Ethereum pourrait indiquer une reprise plus large sur le marché des cryptomonnaies, attirant davantage d'investisseurs et pouvant conduire à une adoption accrue des actifs numériques.

Ethereum se négocie actuellement dans la fourchette basse de 4 000 $, mais les analystes pensent qu'il pourrait dépasser 5 000 $ bientôt en raison d'une pénurie d'offre et d'une dynamique positive des ETF.

Ethereum is currently trading in the low $4,000 range but analysts believe it could surge past $5,000 soon due to a supply crunch and positive ETF momentum.