Ether Shines as Markets Brace for Key Data 

Markets head into the weekend with several high-impact events on the radar, including Canada’s GDP release, the U.S. Core PCE Price Index, and China’s Manufacturing PMI. These data points are likely to influence global risk sentiment and could add volatility across currencies, commodities, and crypto markets. 

Against this backdrop, Ether continues to command market attention. Following a powerful rally from its April lows, ETHUSD remains in a broadly constructive setup, supported by both technical momentum and strong institutional flows into newly launched spot ETFs. The combination of resilient price structure and surging fund inflows underscores Ethereum’s growing role as a market leader. 

High Impact Economic Events 

Friday 15:30 (GMT+3) – Canada: GDP m/m (CAD) 

Friday 15:30 (GMT+3) – USA: Core PCE Price Index m/m (USD) 

Sunday 04:30 am (GMT+3) – China: Manufacturing PMI (CNY) 

Chart Analysis 

Since bottoming at 1,378.87 on April 9, ETHUSD advanced to 4,951.92, delivering a trough-to-peak gain of over 259%. Although the pair has since eased by roughly 10.5% from its recent high, the broader trend remains constructive. 

Technically, conditions continue to favor the upside. The 20-period EMA is trading above the 50-period EMA, with both averages sloping higher—reflecting sustained bullish control as price consolidates above these levels. Momentum indicators align with this view: the Momentum Oscillator holds above 100, signaling persistent strength, while the RSI remains comfortably above the 50 threshold, consistent with an underlying positive bias. 

A decisive move through the recent high at 4,951.92 would reinforce bullish momentum and open the door for further upside, potentially setting the stage for new record levels. 

Key Resistance Levels  

Should the buyers keep market control, traders may direct their attention toward the four potential resistance levels below: 

4,570.40: The initial resistance level is set at 4,570.40, reflecting the weekly Pivot Point, PP, calculated using the standard methodology. 

4,951.92: The second price target is set at 4,951.92, mirroring the all-time high reached on August 24. 

5,233.62: The third price objective is observed at 5,233.62, representing the 161.8% Fibonacci Extension drawn from the high point of 4,789.40 to the low point of 4,056.89. 

5,952.42: An additional upside target is projected at 5,952.42, corresponding to the 261.8% Fibonacci Extension drawn from 4,789.40, to 4,056.89. 

Key Support Levels  

Should the sellers take market control, traders may consider the four potential support levels listed below: 

4,056.89: The initial support level is estimated at 4,056.89, representing the low point from August 20. 

3,745.04: The second level is seen at 3,745.04, corresponding to the weekly support, S2, estimated using the standard Pivot Points methodology. 

3,352.14: The third support level is identified at 3,352.14, reflecting the swing low marked on August 3. 

2,873.34: An additional downside target is 2,873.34, mirroring the high point from June 11. 

Fundamentals  

Spot Ether ETFs in the U.S. have attracted $1.83 billion since August 21, outpacing Bitcoin ETFs, which drew just $171 million over the same period. The latest session continued the trend, with Ether funds seeing $310 million in inflows versus $81 million for Bitcoin. 

Analysts point to Ethereum’s dominant role in stablecoins and tokenized assets—reinforced by the July GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act)—as driving Wall Street’s tilt toward Ether. Total inflows into Ether ETFs now approach $10 billion since July and $13.6 billion overall, with Goldman Sachs emerging as the largest holder. 

The divergence also reflects relative price action: ETH has rebounded more strongly than BTC so far this week, adding to its gains. 

Conclusion 

With major economic releases set to shape global sentiment, short-term volatility may rise across asset classes. Yet Ether continues to stand out, supported by constructive technicals and unprecedented institutional inflows into spot ETFs. While key resistance levels remain in focus, the combination of strong structural demand and resilient price action keeps the broader outlook tilted toward further gains, positioning Ethereum as a market leader heading into the next leg of the cycle.