ETHRally ETH/USDT COINS ANALYSIS ON CURRENT SITUATION 👆👆🔥🔥🔥🔥
---$ETH
ETH
4,689.65
+5.09%
📊 ETH/USDT – Current Market Situation (4H Chart Analysis)
Ethereum has been on an aggressive bullish run over the past weeks, pushing past key resistance levels and printing new local highs. As of now, ETH is trading at $4,635.81, down about 1.16% in the last 4 hours, but still holding strong after an impressive breakout.
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1️⃣ Recent Price Action
After consolidating in the $3,700–$3,800 zone (first blue box), ETH saw a strong breakout.
Price briefly paused around $4,200–$4,300 (second blue box), which acted as a smaller demand zone before another upward push.
The steep rise shown by the white trendline indicates accelerated buying momentum.
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2️⃣ Current Position
We are currently sitting just below the recent high of $4,736.82.
The market is showing slight profit-taking, which is normal after such a strong rally.
Support zones to watch:
$4,200–$4,300 (short-term support)
$3,700–$3,800 (major support)
A break below the short-term support could trigger a deeper pullback.
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3️⃣ Key Considerations
Overextended Move: The current steep trendline suggests the rally may be overextended in the short term. A healthy retracement could occur before continuation.
Volume Watch: 24h volume remains high at ~970k ETH, showing strong market participation.
Momentum: While bullish sentiment is dominant, watch for signs of exhaustion such as long upper wicks or declining volume on pumps.
---#ETHOvertakesNetflix
4️⃣ Possible Scenarios
Bullish Case:
If ETH can hold above $4,420 and break $4,736 with strong volume, we could see an attempt toward $4,900–$5,000 in the coming days.
Bearish Case:
If price fails to break $4,736 and loses the $4,420 level, a pullback toward $4,200–$4,300 is likely. Deeper correction could test the $3,700–$3,800 support zone.
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📌 Conclusion:
Ethereum remains in a strong uptrend, but we are at a critical point where bulls need to maintain momentum. Traders should watch the short-term
