$ETH Eyes $5K as Bulls Test Resistance, but Support Levels Keep Traders Cautious
$ETH is trading around the $4,500–$4,600 range, with bulls attempting to push the price toward the $5,000 milestone. Strong institutional inflows and rising staking activity are tightening supply, providing upward momentum. However, resistance near $4,600 has proven tough to break, keeping traders cautious. Support levels around $4,200–$4,350 remain crucial to maintaining bullish structure. On-chain data suggests long-term holders are accumulating, signaling confidence in Ethereum’s trajectory. Still, short-term volatility and macroeconomic uncertainty could test market sentiment. For now, $ETH stands at a crossroads, with the next breakout potentially defining its path for the coming weeks.
