Ethereum Price Nears $4,310 as Long-Term Holder Profits Reach Multi-Month Highs
The Ethereum price is near $4,310 after a rebound from recent losses, with long-term holders witnessing high unrealized profits. Market data indicate a rise in trading volume and stable liquidity on major exchanges.
Long-Term Holder Profitability Rises
Between March 23 and August 6, the price of Ethereum ranged from around $1,500 to $4,250. The Long-Term Holder Net Unrealized Profit/Loss (NUPL) went from capitulation to the belief/denial stage. This metric, which measures unrealized profit for holders, stood at 0.58 by early August.
Source: Ali on X
In late March to early April, Ethereum price fell from approximately $1,750 to $1,500, putting NUPL into capitulation. The reversal happened in May when prices exceeded $3,000, and NUPL moved into the optimism zone. In late July, Ethereum price broke $4,000, and NUPL moved into the belief/denial zone, reflecting substantial paper profits for long-term holders.
Recent Intraday Movement Shows Resistance at $4,310
On August 12, Ethereum’s price ranged from $4,269.5 to $4,310 on a one-minute chart. The session began with a sharp rise from $4,275 to the resistance at $4,310, and then fell back towards $4,280. The market recovered to nearly $4,303.
Source: TradingView
Technical indicators pointed to short-term buying strength. The Relative Strength Index was at 67.31, approaching overbought territory. The Moving Average Convergence Divergence line was above the signal line with a widening positive histogram. The pattern had a bullish crossover earlier in the session.
Liquidity Remains Strong with Improved Trading Activity
Ethereum price is $4,300.02, down by 0.13% over the past 24 hours. Market capitalization is $519.05 billion, the same as the fully diluted valuation. Circulating supply is 120.7 million ETH with no cap.
Source: CoinMarketCap
The daily trading volume was $45.29 billion, an increase of 22.14% from the last period. The 8.9% volume-to-market cap ratio points to active trading and stable liquidity. Analysts who track blockchain data also reported exchange-traded fund inflows, implying demand from institutional players.
Community Sentiment and Key Price Levels
Community poll data shows 82% bullish sentiment with 1.5 million voters, and 18% bearish. Despite the firmer retail optimism, past trends show that extreme bullish positioning can lead to near-term consolidation.
Key levels for Ethereum price in the short term are $4,310 as immediate resistance. Its break can lead it towards $4,320–$4,325, whereas a stronger wall is at $4,350. To the downside, $4,250 is the first support, and $4,150 is the next. In the intraday chart, $4,269.5 continues to be an important level to be defended by the buyers.
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Potential Paths for the Market Under Current Conditions
If the price of Ethereum has positive momentum and breaks above $4,350, the target can be $4,400. Sustained buying can push towards $4,480–$4,500. For the ongoing rise, the confidence of long-term holders would need to be maintained at a high level, with NUPL moving towards the 0.65 area.
Alternatively, a rejection at resistance can maintain price action in a consolidation pattern between $4,250 and $4,330. A breakdown below $4,250 can initiate a push towards $4,150 and $4,050. On a longer time frame, a fall below $3,200 would make NUPL shift back into the optimism zone near 0.35.
