Analysis of $ETH
ETH hovers around $4.5k–$4.8k, very close to the all-time high of 2021 (~$4.8k).
The confluence of flows into ETH spot ETFs and a weaker dollar has sustained the trend.
A weekly close >$4.8k would confirm a breakout towards $5.2k–$5.5k; some banks see even greater potential for 2025, although that exceeds the short-term technical outlook.
Key zones: immediate support $4.45k–$4.50k; losing it = test at $4.25k.
Bullish bias while >$4.45k; clear breakout above $4.8k with volume = continuation.
