$ETH Breaking the $4,500 Barrier: What’s Next? #ETH4500Next?

Key resistance ahead: $4,500

Multiple analysis sources confirm that the $4,500 level is a major resistance zone, often linked to heightened market euphoria and speculative highs. For instance, Glassnode’s cost-basis model places active realized price plus one standard deviation near this threshold—a level that has historically acted as both a ceiling and catalyst.

On-chain & institutional tailwinds

Institutional interest remains strong. Spot ETH ETFs continue to draw significant inflows, while on-chain metrics show declining ETH/BTC exchange inflow ratios, indicating lower selling pressure on Ethereum compared to $BTC ⸻ all reinforcing bullish momentum toward $4,500.

Technical volume and positioning

ETH’s perpetual futures trading volumes have even surpassed Bitcoin’s—something last seen in 2022—further highlighting market attention . However, some short-term indicators like bearish RSI divergence suggest caution, as they may signal temporary exhaustion near the resistance zone $.

Potential upside: all-time high tests

Market analysts are eyeing a potential extension toward ETH’s previous all-time high (~$4,865), or even beyond. Organic momentum and regulatory developments—including ETF tailwinds and supportive policy trends—could pave the way for new highs  .