Ethereum reached $4,332.60, securing its highest daily close in 44 months at $4,296.41.
Current trading holds above $4,200 with 24-hour volume at $43.21B, down 10.62%.
Key support levels are $4,166.29 and $3,999.47, with resistance at $4,332.60.
Ethereum’s price climbed from $3,354.28 to a session high of $4,332.60 in an uninterrupted upward move. The advance unfolded over consecutive sessions without notable retracements, carrying the price through multiple resistance levels. ETH was last recorded at $4,295.40, slightly below the peak.
What is the Current Price Action?
As of press time, CoinMarketCap data reveals that ETH is trading at $4,212.62, noting a 0.2% decline over the last 24 hours. The intraday chart shows price trend ranging between $3,677.60 and above $4,300 before stabilizing near the current level.
Source: CoinMarketCap
The market capitalization reads at $508.5 billion, while 24-hour trading volume attained $43.21 billion, marking a 10.62% dip. The price peaked above $4,300 before facing a pullback, followed by consolidation. Market data reveals fluctuations within a defined range, with the latest movement holding above the $4,200 level.
Extended Run and Short-Term Movement Range
According to an observation by Ash Crypto, the current rally represents sustained gains over several trading periods, with momentum keeping prices above the $4,166.29 support. Chart data gives more support around $3,951.06, then $3,735.82 after another down move. The first setback in the current uptrend would be a consolidation or short-term correction of current levels.
Source :X
During this period, trading volume reached 724,079.84 ETH, equivalent to $3.04 billion in USDT. The rapid advance has left leveraged long positions exposed to potential liquidation if price reverts toward lower support levels. Current market positioning shows heightened activity around key price zones as ETH trades near its highest range of the year
Ethereum Marks Highest Daily Close in Over Three Years
In another development, Ash Crypto further reveals that Ethereum achieved its highest daily close in 44 months, ending the session at $4,296.41. The milestone represents the strongest close in 1,318 days, surpassing all daily closes since late 2021. The trading session also recorded an intraday high of $4,332.60, placing it near the upper range of recent performance.
Source: X
The daily chart shows sustained upward movement after breaching the $3,999.47 level earlier in the session. Price momentum carried through several resistance points without a notable pullback before the close. The latest peak of $4,332.60 now stands as the nearest resistance level on the chart. On the support side, $3,999.47 remains the most immediate level to watch in the daily timeframe. Holding above this zone keeps the recent breakout intact from a structural standpoint.
