🚀 ETH/USDT: Bulls in Full Control — $4,500 Resistance Tested 💥
Ethereum (ETH) has been on a strong bullish run, currently trading at $4,489.25 (+4.35%) and recently touching a 24h high of $4,518.73.
Key Highlights:
• Trend Strength: The daily chart shows $ETH well above its short-term moving averages (MA7: $4,118), with the golden cross momentum from earlier sessions still intact.
• Volume Surge: Over 785K ETH traded in the last 24h, showing strong market participation from both retail and institutional traders.
• Momentum Indicators: MACD is in the positive zone, RSI is in overbought territory — suggesting strong buying momentum but also signaling a potential short-term cooldown.
• Key Levels:
• Support: $4,139
• Resistance: $4,518 (recent high) and $4,618 (next target)
Market Sentiment:
$ETH continues to benefit from bullish market conditions and Layer 2 growth narratives. A sustained break above $4,518 could open the path toward the $4,600–$4,700 range. However, with RSI overheated, short-term traders should be prepared for potential retracements.
📊 Outlook: Bullish in the medium term — watch for breakout confirmation above $4,520 and volume support.
⭐️Conclusion:
Ethereum’s bullish momentum remains strong, with price action holding near the $4,500 zone and volume supporting the uptrend. A confirmed breakout above $4,520 could trigger the next leg toward $4,600+, but overbought RSI suggests the possibility of short-term pullbacks. Medium-term outlook stays bullish as long as ETH holds above the $4,140 support zone.
✨Advice:
For swing traders, consider waiting for a clear breakout and daily close above $4,520 before entering new long positions. For existing holders, monitor the $4,140–$4,100 support zone closely as a key level for maintaining bullish structure. Short-term traders may look to take partial profits near $4,600 and re-enter on healthy pullbacks to avoid chasing an overheated market. Always manage risk with stop-loss orders and position sizing.
ℹ️DYOR!
