🚨 Breakout Watch: ETH Climbs 5%, Eyes on \$4,900 as the Next Battleground
Ethereum has bounced strongly from the \$4,200 zone, kicking off a fresh rally with potential to break past \$4,620 soon. The price reclaimed \$4,250 and \$4,350, and is now trading above \$4,400 alongside the 100-hour SMA. The hourly ETH/USD chart reveals an upward trend line offering support around \$4,400. If buyers hold the \$4,200 base, another wave higher could follow.
**ETH Price Action**
From a low near \$4,150, ETH outperformed Bitcoin, breaking above the \$4,320 and \$4,350 hurdles. Bulls also cleared \$4,400 resistance, with price touching \$4,635 before consolidating above the 23.6% Fib retracement of the \$4,171 to \$4,634 move.
Upside targets include \$4,620 as initial resistance, then \$4,650, followed by a stronger wall near \$4,680. A decisive move above \$4,680 could send ETH past \$4,750, with \$4,800–\$4,840 in sight shortly after.
**Potential Pullback**
Failure to clear \$4,620 could spark a dip toward \$4,525 support. Key backing lies at \$4,400; losing this level risks a drop toward \$4,350, and possibly \$4,250 if selling pressure intensifies.
**Technical Signals**
* Hourly MACD for ETH/USD remains bullish.
* Hourly RSI is above 50.
* **Key Support:** \$4,400
* **Key Resistance:** \$4,680
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