After dipping to $4,480, ETH bounced back above $4,520 and $4,550, now holding over the 100-hour SMA with a bullish trend line support near $4,500.
If that support holds, the upside could continue toward $4,640, $4,680, and the key $4,720 resistance. A clean break there could open the door to $4,780 and potentially $4,880–$5,000 in the sessions ahead.
On the flip side, failure to break $4,700 might trigger another pullback. First support sits at $4,550, then $4,500. Losing $4,500 could send ETH toward $4,400, and possibly $4,315–$4,250.
Right now, the bulls still have the edge — but the next few moves around $4,700 will decide if this is just a pause or the start of the next leg higher.
