Ethereum $ETH tests the resistance of $4,750 after a strong rebound, analysts await confirmation of the daily close

Ethereum is trading near the resistance of $4,750 after bouncing from $4,200, with volume, ETFs, and hopes of rate cuts fueling the momentum towards $5,000.

Ethereum is facing a key resistance of $4,750 after bouncing from a strong support zone at $4,200.

A daily close above $4,750 could trigger momentum towards the resistance level of $5,000.

Institutional demand and expectations of rate cuts are fueling the rally and trading activity of Ethereum.

Ethereum is currently trading at $4,726 after bouncing from several support zones. Traders are watching whether the market can secure a daily close above $4,750. A clean break and confirmation at this level could determine whether the cryptocurrency continues its bullish momentum towards $5,000 or returns to consolidation.#ETH #Ethereum $ETH