Ethereum Strengthens, Eyes Breakout to New All-Time Highs

Ethereum is showing strong bullish momentum, currently trading around $4,717 and outperforming Bitcoin. On the daily chart, the price is holding in the upper half of the Bollinger Bands, while the RSI at 63.44 reflects solid buying pressure. Although the trend remains healthy, the RSI’s proximity to overbought levels suggests the possibility of a short-term pullback.

The liquidation heatmap highlights critical zones of interest. On the upside, major liquidity pools at $4,870 and $5,060 present potential short-squeeze targets. A breakout beyond these levels could propel ETH into price discovery and set fresh all-time highs.

On the downside, support lies at $4,690, with a more significant zone at $4,512. Maintaining price action above the $4,500 region is essential to preserve the bullish market structure.

Key Levels to Watch

Upside Targets: $4,870, $5,060 (potential new ATHs)

Support Zones: $4,690, $4,512

Outlook

Ethereum’s outlook remains decisively bullish. As long as the price stays above $4,500, the path of least resistance points upward, with the next major milestone at the psychological $5,000 level and beyond.

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