Ethereum exceeds $4,540 - is $4,600 next?

Ethereum $ETH shows strong momentum after bouncing from the support level of $4,370 and surpassing $4,540. Trading volume remains high, and bulls are in control of the currency as Ethereum approaches key resistance levels.

Setting up a buy trade on the ETH/USDT pair

Entry zone: 4,520 - 4,560

Stop loss: 4,440

Target 1 (TP1): 4,600

Target 2 (TP2): 4,640

Target 3 (TP3): 4,680

Trading idea

If Ethereum maintains its price above $4,520 and breaks the resistance level of $4,560 with high trading volume, momentum could push it towards $4,680 in the near term. Watch for confirmation of a strong candle closing above the $4,560 level.