The price of Ethereum today is moving near the level of $4450 after experiencing some fluctuations in the past hours. The price reached around $4465 and then declined to approximately $4380, but it still maintains a kind of stability. One reason for the recent pressure was the announcement by SharpLink of significant financial losses despite owning a large amount of Ethereum, which raised concerns and led to some selling and contract liquidations.
From a technical perspective, the overall trend remains upward; however, there is strong resistance in the area between $4700 and $5000. If the price can surpass these levels, we may witness a new surge towards higher peaks. On the other hand, if it breaks the current support levels, the price may face a deeper correction.
In the long term, the indicators remain positive due to strong inflows into Ethereum exchange-traded funds, which boosts investor confidence and supports continued growth despite momentary pressures. In short, the market is currently volatile, but the positive outlook still stands, especially with the price stabilizing around the $4500 level.
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