🚀 Ethereum Breaks Higher as Bulls Take Charge — Bitcoin Sees Pullback

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Ethereum has surged once again, climbing past $4,650 and printing a new all-time high near $4,956. While Bitcoin shows signs of weakness, ETH continues to consolidate gains, with key support forming near $4,550.

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🔍 Market Overview

• ETH is trading well above $4,550 and the 100-hour Simple Moving Average.

• Price recently broke below a short-term rising channel on the hourly chart, with former support near $4,750.

• Despite the dip, the overall trend remains bullish above $4,550.

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📈 Upside Levels to Watch

• Immediate resistance: $4,820

• Key levels above that: $4,850, $4,920

• A confirmed breakout above $4,920 could open the door toward $4,950, and potentially $5,000–$5,150 in the short term.

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⚠️ Downside Risk?

If ETH fails to clear $4,820, a pullback could begin:

• First support: $4,680

• Key support zone: $4,580 (50% Fib retracement of $4,207 → $4,956 move)

• Further downside could bring $4,550, followed by deeper support at $4,440 and $4,320

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📊 Technical Indicators

• MACD (Hourly): Losing bullish momentum

• RSI (Hourly): Holding above 50 — still in positive territory

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🔑 Key Levels

• Support: $4,580, $4,550, $4,440

• Resistance: $4,820, $4,850, $4,920

ETH remains strong in the broader uptrend — but watch those resistance levels closely as bulls try to push toward the $5K milestone.