#ETH4500Next? Ethereum's price has been on a tear, recently surpassing $4,000 and even hitting $4,200. With the current momentum, investors are eyeing the $4,500 mark as a potential target. Here are some key points to consider ¹ ²:
- *Current Price*: Ethereum is trading around $4,048.74, showing a 3.22% increase in the last 24 hours.
- *Resistance Levels*: Immediate resistance is at $4,071, with potential targets at $4,200, $4,300, and $4,500.
- *Support Levels*: Key support zones include $3,700-$3,750 and the 20-day SMA at $3,732.35.
- *Institutional Interest*: Ethereum ETFs have seen significant inflows, totaling $222 million in three consecutive days, indicating growing institutional confidence.
- *Technical Indicators*: RSI stands at 69.15, indicating strong upward momentum without reaching extreme levels. The MACD shows bullish momentum, with the MACD line above the signal line.
Some analysts predict Ethereum could reach new highs, potentially exceeding $5,500-$6,000 by Q1 2026, driven by ¹ ³:
- *ETF Inflows*: Crossing $2.5 billion per month
- *Institutional Allocation*: Rising via Fidelity, Grayscale, and BlackRock products
- *Infrastructure Upgrades*: Gas fee optimizations and renewed DeFi/NFT activity
Keep in mind that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly.