#ETH Strong surge, breaking through 4500!
Ethereum (ETH) reached a daily high of 4557 USDT, currently quoted at 4533 USDT, with a daily increase of over +2.5%.
Market Analysis
Key Support: 4400 range, has successfully stabilized
Breakthrough Signal: Volume breakout at 4500 resistance level, market sentiment is clearly bullish
Moving Average Support: 7-day moving average (4404) and 30-day moving average (4416) are in a bullish arrangement
Volume Highlights
Breakthrough accompanied by increased volume, indicating active capital entering the market
Bullish sentiment concentrated, short-term likely to challenge 4600
Conclusion
After a long period of consolidation, ETH has chosen to break upwards, currently maintaining a bullish trend, short-term target 4600-4650, if volume breaks through, it may reach new highs!
To see my detailed support/resistance level annotations and future trading strategies, click on the homepage for the complete analysis!
