Maintains its resilience at the support level of $4,453 after rising 83% in the third quarter, with a slight decline from the all-time high of $4,956.

ETFs listed in the United States gathered assets worth $23 billion with inflows of $4 billion in August; and an investment of $300 million shows institutional confidence.

The CLARITY Act has segmented high tokens and the Federal Reserve has taken a flexible stance, creating a favorable regulatory environment.

Technical fundamentals are gaining strength.

Dencun/Pectra upgrades reduced gas fees by 90%, allowing for over 100,000 settlements per second on Layer 2 (L2).

29.6% of the ETH supply is currently frozen (yielding 3.8% annually), while major holders have accumulated over 1 million ETH (worth approximately $4.16 billion).

Technical indicators suggest the formation of a golden cross and a positive MACD indicator showing upward momentum, although the RSI at 54 remains neutral.

Trading considerations

The important support level at $4,453 - if it continues to hold, it indicates ongoing strength; breaking the $4,600 level could target $5,200.

There are standard short centers that create the risk of price fluctuations; outflows of $291 million from ETFs after the release of mixed inflation data.

The long/short buy-sell ratio of 24.63 reflects an aggressive upward trend; watch for liquidation areas near $4,250.

Buying on dips above $4,000 is recommended; technical upgrades and institutional inflows support long-term growth despite macro risks.