Ethereum Defies Gravity: Holder Conviction Fuels Epic Rebound Toward $4,775

Ethereum bulls dig in—refusing to surrender key support as conviction builds for a major rally.

The Setup

Traders spot strength where others see fear. Ethereum's holding pattern near critical support signals not panic—but accumulation. Smart money stacks ETH while weak hands fold.

The Target

All eyes fix on $4,775. That number isn't just psychological—it's the next major resistance, and the path looks clearer by the day. No fancy algorithms needed; sometimes price just does what it's supposed to do.

The Catalyst

Holder resolve tightens supply. Fewer coins up for grabs means upward pressure builds fast. Add a pinch of institutional FOMO and you've got a recipe for liftoff—because nothing moves markets like greed dressed as strategy.

Timing beats guessing. Charts suggest momentum builds now. Break resistance, chase stops, rinse repeat. Classic crypto—where fundamentals occasionally guest star in a technicals-driven show.

So watch those levels. Holders clearly are. And if traditional finance scoffs? Well—let them keep their 2% bonds and quarterly reports. We’ll take the volatility—and the shot at 4,775.

Ethereum Supply Is Maturing

Ethereum supply has matured significantly, reinforcing investor confidence in the asset’s long-term strength. Since the beginning of the month, the 3-6 month-old supply has grown by 1.76 million ETH, now valued at nearly $8 billion. This indicates that holders refrained from liquidating even during market volatility.

Such conviction suggests that investors anticipate higher prices and are willing to ride out short-term declines. By keeping ETH locked, these holders are reducing the circulating supply, which can create favorable conditions for upward price momentum when demand returns. This behavior is a bullish foundation for Ethereum’s growth.

On the technical side, Ethereum’s momentum appears mixed in the NEAR term. The Moving Average Convergence Divergence (MACD) indicator is nearing a bearish crossover, signaling the possibility of short-lived downside pressure. This aligns with ETH’s recent price slip below the $4,500 level.

However, the broader market cues remain constructive. Even if the MACD confirms a bearish crossover, investor sentiment and maturing supply could support a quick recovery. Such dynamics highlight that any decline WOULD likely be temporary, with ETH primed for a strong rebound soon after.

ETH Price Could Bounce Back

Ethereum is currently trading at $4,495, just below the $4,500 support line. It has not yet closed below $4,500, so the support is still valid.

The maturing supply and bullish long-term outlook indicate that ethereum could bounce from the support. With fewer coins entering circulation, the altcoin has structural support for renewed upward momentum to $4,775 despite short-term volatility.

However, if the price closes below the support, ETH may slip toward $4,307, invalidating the bullish outlook.