Ethereum (ETH) Price Prediction: Can ETH Reclaim $4,800 as Whale Buys Signal Strength?

Ethereum is trading near $4,600, stabilizing after a volatile August that saw repeated rejections near $4,800. The market has been buoyed by large-scale whale accumulation and fresh on-chain inflows, but technical resistance continues to cap rallies.

Spot data shows over $427 million in ETH purchased by Bitmine, marking one of the largest single-day whale acquisitions in months. Combined with positive net flows on August 27, sentiment has improved even as broader crypto markets remain cautious heading into September.

The question now is whether Ethereum price action can build enough momentum to retest $4,800 and break into the higher range near $5,200–5,400.

Ethereum Price Holds Within Ascending Channel

On the 4-hour chart, ETH trades comfortably inside an ascending parallel channel, with support aligned near $4,525–4,530 and resistance at $4,800. The 50-EMA around $4,525 has provided repeated intraday support, while the 100-EMA at $4,405 underpins the broader uptrend.

The RSI is at 53.1, suggesting momentum is neutral after a pullback from recent overbought levels. A…

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