Ethereum ($ETH) is at a crucial technical point. After reaching $4,780, the price pulled back to $4,480, but buyers firmly defended the area, keeping the bullish structure alive.

Such movements —called healthy corrections— often create opportunities for traders and holders waiting for strategic entry points.

Current technical context

Trend: Bullish in the short term, supported by the trend line on the hourly chart.

Current price: Above $4,550 and the 100-hour SMA, indicating buying pressure.

Key resistances: $4,640 → $4,680 → $4,720 → $4,780.

Key supports: $4,550 → $4,500 → $4,400 → $4,315.

Keys to understanding the moment

1. Battle zone at $4,500

This level acts as a boundary between maintaining the bullish trend or opening the way to declines towards $4,400 or lower.

2. Bullish catalyst at $4,720

A clean breakout, with volume and a close above this level, could quickly lead to $4,880 and even $5,000.

3. ETH surpasses BTC

In the last rally, Ethereum showed more relative strength than Bitcoin, reinforcing bulls' interest in continuing to buy.

Opportunities for the crypto community

Scalpers and intraday: Look for bounce confirmations at $4,500 - $4,550 with targets towards $4,680 or $4,720.

Swing traders: Watch for solid breakouts of $4,720 to get on a possible rally towards $5,000.

Holders: Take advantage of controlled dips as accumulation, always managing risk and avoiding excessive leverage.

Risks to consider

A loss of $4,500 would open the door to deeper declines.

MACD on the hourly chart losing bullish momentum, which could anticipate another test of supports.

High volatility in short frames, ideal for strict stop-loss management.

Conclusion

Ethereum is at a decisive phase: if it holds $4,500 and breaks $4,720, the path to $5,000 is on the table. For the crypto community, such scenarios represent key moments to apply technical analysis, manage risk, and not get carried away by FOMO.

The market offers opportunities, but always for those who know how to read the signals and act strategically.

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