According to @glassnode, the recent all-time high marked the third euphoric phase of this cycle. Source: Glassnode, X, Sep 4, 2025. @glassnode reports that price has retraced into the 0.85-0.95 quantile cost basis band. Source: Glassnode, X, Sep 4, 2025. @glassnode adds that this zone often precedes sideways consolidation before the next major trend, implying range-bound conditions where traders can monitor breakouts beyond the 0.85-0.95 band to confirm direction. Source: Glassnode, X, Sep 4, 2025.

According to @cas_abbe, ETH’s uptrend remains intact after a needed flush of overleveraged longs shown by recent red candles, which he views as a healthy reset for continuation. According to @cas_abbe, ETH may trade sideways for a few days, with a potential dip toward the $4,100–$4,200 zone acting as a key area to watch. According to @cas_abbe, after this consolidation and potential pullback, ETH is positioned to break to a new all-time high, which he expects would unlock liquidity. According to @cas_abbe, the trading focus is the $4,100–$4,200 support area during consolidation and the subsequent breakout to a new ATH for momentum confirmation.