$ETH Eyes $4,800 Breakout
Ethereum is trading around $4,773.60, up nearly 2.9% over the past 24 hours, continuing its strong bullish run. The price is hovering just below today’s high of $4,783.85, following impressive gains of +88% over the past 90 days and +59% in the last month. Despite the order book showing heavier selling pressure (72.76% on the ask side), ETH has held steady, forming higher lows and maintaining upward momentum.
Long Trade Setup:
Entry Zone: $4,755 – $4,770
Stop Loss: Below $4,720
Targets:
TP1: $4,783.85 (today’s high)
TP2: $4,820
TP3: $4,900 if bullish momentum persists
A clean breakout above $4,800 on strong volume could propel ETH toward $4,900+, while a rejection may result in a minor pullback before another rally attempt.