Ethereum maintains narrow volatility as accumulated data indicates long-term support

Ethereum (ETH) is trading between $4,200 and $4,500, of which $7.5 billion ETH has accumulated at the $4,300 to $4,400 level, indicating strong long-term support levels for ETH. CME’s institutional holdings hit record highs, strengthening confidence in the ETH prospects. The key resistance at $4,500 could trigger a rebound, while the $4,000 to $4,100 level provides downside support. Analysts believe that breaking the $4,500 resistance could push ETH to $6,800 by year-end.