#ETHRally 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.

---#ETH5kNext?

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.