Ethereum Price Analysis and Trade Signals!!!
Ethereum continues its strong upward momentum, trading between $4,050 and $4,250 over the past 48 hours. On August 9, ETH opened near $4,050 and climbed steadily, touching $4,150 before a brief correction to $4,120. By early August 10, renewed buying pressure pushed it past $4,220, with the current peak at $4,250.
Technical indicators remain bullish, although the RSI suggests ETH is approaching overbought levels, hinting at possible short-term consolidation.
Key resistance stands at $4,300, and a breakout above this could accelerate gains toward $4,500.
On the downside, $4,150 now serves as the primary support, followed by $4,050. Continued optimism around Ethereum’s network upgrades, Layer 2 adoption, and strong DeFi activity is fueling investor confidence. Unless macroeconomic shocks disrupt momentum, ETH is likely to maintain its bullish bias in the coming days.