🟡 Ethereum Eyes $4,800 After Double Bottom Rebound

Ethereum ($ETH ) has shown impressive strength after retesting the $4,450 level, forming a potential double bottom pattern. This classic reversal signal has sparked renewed bullish momentum, with ETH rebounding over 200 points to reach a recent high near $4,700.

🔼 Momentum Builds Above $4,650

The $4,650 level is now a key pivot zone. Holding above it suggests buyers are in control, with eyes set on the next resistance at $4,710. A clean breakout above this level could trigger a surge toward the $4,800–$4,820 range, where strong selling pressure is expected.

🔽 Support Zones to Watch

On the downside, ETH finds support at $4,550 and $4,500. These levels may act as re-entry points for traders looking to ride the next wave. If price dips below $4,450 again, it could invalidate the double bottom and shift sentiment bearish.

📊 Technical Context

- RSI remains elevated, signaling strong momentum but potential overextension

- Exchange reserves are low, indicating reduced selling pressure

- ETF inflows and institutional interest continue to support price action

> Ethereum’s structure favors bulls—if $4,650 holds, $4,800 could be next.