Ethereum Holds at $4,100 Today as Key Resistance Levels Test ETH’s Momentum

Updated

September 24, 2025

Gambar Ethereum Holds at $4,100 Today as Key Resistance Levels Test ETH’s Momentum

Jakarta, Pintu News – According to Tron Weekly, Ethereum has come under slight pressure as analysts weigh renewed demand from whales with strong resistance points. Institutional demand for the asset remains high, reflecting long-term confidence in its value.

The direction of the next move will be determined by whether the momentum is able to break through the technical resistance or instead retreat for consolidation. Then, how will Ethereum price move today?

Ethereum Price Drops 1.12% in 24 Hours

On September 24, 2025, Ethereum was trading at around $4,133, equivalent to IDR 69,087,871, marking a 1.12% decline over the past 24 hours. Within this timeframe, ETH slipped to a low of IDR 68,884,067 and climbed to a high of IDR 70,698,392.

At the time of writing, Ethereum’s market capitalization is valued at approximately IDR 8,341 trillion, while its daily trading volume has dropped 36% in the past day to IDR 442.78 trillion.

BitMine buys 264,000 Ethereum, strengthens holdings

A renowned crypto analyst, Whale Insider, revealed that public company BitMine Immersion increased its Ethereum holdings by purchasing 264,378 ETH. With this acquisition, BitMine’s total holdings increased to 2.42 million coins, equivalent to more than 2% of the total circulating ETH supply.

JUST IN: 🇺🇸 Publicly traded BitMine Immersion buys another 264,378 $ETH, raising total to 2.42 million coins, more than 2% of Ethereum supply. pic.twitter.com/gylGR1QkeJ
— Whale Insider (@WhaleInsider) September 22, 2025

According to Whale Insider, the massive accumulation action reflects the growing institutional confidence in the long-term value of ETH, even though the short-term market trend is still full of uncertainty.

Ethereum Faces Crucial Resistance to Regain Strength

Technically, another popular crypto analyst, More Crypto Online, highlighted that the nearest resistance level for Ethereum is in the range of $4,228-$4,281. To recover bullish momentum, ETH needs to break this area. If it fails, selling pressure could potentially resume.

$ETH: The nearest resistance is located between $4228 and $4281. As long as the price stays below this resistance range the immediate pressure is downward, but the $4060 level is a fairly strong support level. pic.twitter.com/lJ3pbWxmdX
— More Crypto Online (@Morecryptoonl) September 23, 2025

Meanwhile, the support level at $4,060 emerges as an important resistance point, giving buyers an opportunity to re-enter if the price touches the area.

Between whale demand and technical hurdles, ETH is now at a decisive point. If the support holds and the price manages to cross the resistance, ETH has the potential to print higher gains.

Now, the market is waiting to see if the whale buying power can overcome the short-term selling pressure.

Ethereum Corrects After Strong Rally

Quoting the TronWeekly report (23/9), the RSI is at 60.21, lower than the resistance line at 64.89, which indicates a weakening of the movement speed. Meanwhile, the Ribbon MA shows solid support points at $3,474, $3,011, and $2,929, which could serve as a buffer if the selling pressure continues.

For the MACD indicator, the blue line is still above the signal line with values of 519.07 and 425.21 respectively, so bullish momentum is maintained. However, the histogram shows increasingly shorter green bars, signaling weakening purchasing power.

Under these conditions, ETH has the potential to move sideways before retesting the next breakout opportunity.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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