Ethereum (ETH) – $4,829

Ethereum is holding its strong bullish momentum, trading around $4.83K. Price structure shows higher highs and higher lows, supported by rising moving averages. The 50-day EMA is well above the 200-day EMA, confirming a longer-term uptrend.

Key support lies in the 4.7K–4.73K range, where buyers previously defended aggressively. The main resistance is at 4.95K, the upper boundary of its current consolidation.

The RSI is near the overbought threshold, suggesting momentum remains strong but vulnerable to short-term pullbacks. The MACD is bullish, though showing signs of flattening, which could indicate a pause before another push higher.

From a Fibonacci retracement perspective, 4.7K aligns with a key 0.382 level, strengthening its role as major support.

🔑 Scenarios:

✅ Bullish: A breakout above 4.95K could target 5.2K–5.5K in the coming weeks.

❌ Bearish: Failure to hold 4.7K may trigger a drop toward 4.5K, where the 200-day EMA sits.

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