Ethereum is showing serious bullish momentum after bouncing strong from the $4,500 zone, with $5,000 now in sight.
📈 Key Highlights:
#ETH climbed past $4,550 and $4,650, riding well above the $4,600 mark and the 100-hour Simple Moving Average.
A bullish trend line supports the price around $4,480.
As long as ETH holds above $4,400, buyers remain in control.
#ETH surged from $4,180, outperforming Bitcoin, and broke through multiple resistance zones — $4,500, $4,650, and even $4,700. It recently tested the $4,780 level and is now consolidating gains above the 23.6% Fibonacci retracement from its rally.
🚀 Upside Targets:
Immediate resistance: $4,780
Next hurdles: $4,840 and $4,880
A clean breakout above $4,880 could fuel a run toward $4,950, with $5,000–$5,150 as the next big bullish targets.
⚠ Downside Watch:
If #ETH fails to clear $4,780, support lies at $4,700, followed by $4,650 and $4,550. A drop below $4,480 could push it toward $4,350.
📊 Tech Signals:
MACD: Bullish momentum building
RSI: Above 50, showing strength
💡 Trader’s Take:
#Ethereum is at a critical breakout point. If bulls keep control, $5K could be just days away. Smart entries and timely exits could make this a highly profitable setup — keep those charts open and your strategy ready!