ETH Surges Toward $4,800 After Michigan Consumer Sentiment Plunge; Targets $4,950 Resistance and $4,450 Support

The University of Michigan’s preliminary September reading showed US consumer sentiment slid to 55.4, its lowest level since May, driven by a notable uptick in worries about future unemployment and a rise in long-term inflation expectations to 3.9%.

Following the release, market dynamics shifted: US Treasury yields eased, the US dollar came under pressure, and market-implied odds of a Fed rate cut increased, reflecting recalibrated interest-rate expectations and a more cautious policy outlook.

In crypto markets, ETH (Ethereum) advanced toward the 4,800 area with limited immediate resistance; a confirmed break could test the liquidity range of 4,824–4,950, while key support near 4,450 would be watched for potential retests of 4,200–4,250. BitUnix analysts recommend monitoring ETH at the 4,950 resistance and 4,450 support as macro-driven volatility persists.