Market Analysis of ETH/USDT:
Ethereum currently stands at a critical juncture, displaying robust short-term bullish momentum as it consolidates near $4,930, just below the major psychological and all-time high resistance level of $5,000.
The first target the bulls would want to see is a resolute break above this figure. The Immediate Support falls within the $4,850−$4,900 range, where the clustered short-term moving averages lie.
As long as ETH remains above this support, the bias is strongly bullish for a continuation move. If this immediate support fails, the MA(99) around $4,750−$4,780 becomes the next significant structural floor.
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ETH
3,030.69
+3.03%