at $4,600 🔄
- Analysts predict a potential breakout above $4,600 could lead to a surge towards $4,800-$5,000 🚀
- Moving averages are flashing green, with short- to mid-term SMAs/EMAs supporting price 📊
- Institutional flow and on-chain metrics remain bullish, with ETF inflows and declining exchange reserves 📈
*Technical Analysis:*
- Resistance zone: $4,600 💸
- Support zones: $4,300 and $3,900-$4,000 🛡️
- Trend dynamics: ETH is in a descending channel, with repeated pullbacks 🔴
- Momentum: RSI moving into overbought zones near resistance ⚠️
*What's Next?* 🤔
- Will ETH break above $4,600 and surge to new highs? 🚀
- Or will sellers step in and drag price back to support? 🛡️
*Stay Informed:* 📊
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