Achieved $ETH the highest price in 24 hours: $4,788 (below the psychological level of $4,800).
Structure: Strong upward trend, and no major indicators yet.
Trading volume: Still high, showing buyer dominance (73% of buy orders).
Support areas: $4,567 (recent retracement area) and $4,282.
Resistance area: $4,800-$4,855 - if broken, the next push may quickly target $5,000.
Risk point: If we lose $4,567 due to strong selling pressure, we may see a retracement to around $4,280 before another rise.
Trading strategy:
Buy above the breakout of $4,800 ← Target 1: $4,955, and Target 2: $5,000, stop loss: $4,690
Buy at the level of $4,570-$4,600 ← Profit target as mentioned above, and stop loss below $4,500.