The current price is $4196.18 with a change of $12.98 (0.00%) from the previous close.
The highest trading level of the day is $4315.79 and the lowest trading level of the day is $4171.87.
Here’s a comprehensive technical analysis and forecast regarding the Ethereum market question: Will ETH reach $4500?
Technical Analysis: Where is the price headed?
ETH has successfully surpassed a critical resistance range between $4100–$4200, and technical data indicates that the target of $4390–$4500 is very close, provided that the price stabilizes above $4100 (Binance).
The Elliott Wave model suggests that Ethereum has completed the fourth corrective wave (Wave 4), and the fifth upward wave may be in progress, with additional support for the rise coming from increases in futures open interest (m.fastbull.com).
On the daily chart, ETH has been tracing an upward path from around $2488 to $4249, supporting the bullish outlook towards $4500 (Bitcoin News).
Market drivers: Why this momentum?
Liquidity and institutions: Funds are being liquidated through ETFs recently, and the decrease of ETH on exchanges indicates a reduction in supply and long-term reserve buying (Coinpedia Fintech News, AInvest).
Company inventory containment: Data showed that companies are placing ETH in their strategic vaults, which reinforces demand (mitrade, AInvest).
Declining supply: The notable decrease in available supplies on exchanges has created an atmosphere of scarcity, supporting upward price movements (AInvest, Coinpedia Fintech News).
Could 'ETH4500Next' be a realistic step?
Most technical analyses confirm that $4500 is a potential and very close target if the price remains above $4200–$4300, with a clear breakout of the $4390–$4500 zone (Binance, Coinpedia Fintech News, m.fastbull.com).
If the price can break through this level, $5000 represents the next logical target, according to several technical scenarios from sources such as Mitrade and Coinpedia (mitrade, Coinpedia Fintech News).
Technical warnings: The RSI indicator is rising above 70, indicating an overbought condition, which may lead to a temporary correction, although the current momentum may fuel the continuation of the uptrend (Blockchain News).
Analysis Summary
Current evaluation: Technical analysis supports a strong target of $4500; Elliott Wave models suggest the start of a new upward wave; supply and demand show decreasing supply and increasing demand; potential risks: indicators show overbought conditions; next targets: $4500, followed by $5000.
Conclusion
Yes, it is financially and technically likely that Ethereum will reach $4500, especially with continued support from institutional flows and decreasing supply. However, we may see a short-term correction if the price does not stabilize, so it is advisable to use well-thought-out trading strategies, such as monitoring breakouts of resistances with price and trading volume, and setting profit-taking or stop-loss points.
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