According to Coindesk Data, Ether (ETH) is trading at $4,506, down 0.5% over the past 24 hours, and has slighted in the past 24 hours as traders debate whether this fall will be debated at the next rally.
Mark Newton, head of global technology strategy at FundStrat Global Advisors, described the decline as a correction that the market was absent last week.
He doesn't want Ether to be below its previous $4,233. Instead, he thinks it could drop to $4,418 or $4,375 by the weekend — what he calls a buying opportunity. By mid-October, Newton’s Ether could climb to $5,500, pointing to continued market strength.
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According to Coindesk Research's technical analysis data model, Ether lost about 3% in the trading window on September 15, falling from a peak of $4,619 to around $4,500.
The steepest slideshow happened between 07:00 and 08:00 UTC, with prices plummeting from $4,632 to $4,514. During this period, trading activity surged, volume increased by 194,000 units on average daily average, and the total turnover of the conference reached 501,741 vehicles.
After hitting a low of $4,471, buyers stepped in to slow down the decline. This level is short-term “flooring”. On the plus side, Ethereum worked hard to move it above $4,671, which is the “ceiling”.
Later in the meeting, between 23:00 UTC on September 15 and 16 UTC on September 16, prices fell steadily. Ether rose from $4,497 to $4,505 and narrowed to $4,479 to $4,505. Buyer interest at around $4,495 with around $4,490 helps stabilize the market, but the tokens cannot recover $4,530, showing that sellers can still control higher levels.
Overall, the trading window covers $200 between $200, between $4,471 and $4,671, highlighting uncertainty. Data show that ether ether begins to stabilize after a sharp drop, and demand is visible at lower levels, but drug resistance limits have increased recently.
The latest Coindesk data graph was generated at 12:24 UTC on September 16, indicating that Ether held $4,506 after a turbulent day. The token remains between its $4,471 floor and $4,671 ceiling, with little progress in breaking the higher. Trading over the past 12 hours tends to consolidate, and the market may be waiting for the next catalyst after a massive sell-off on Monday.