$ETH Holds Above $4,560 – Can Bulls Sustain the Momentum?
Pair: ETH/USDT
Current Price: $4,565.12
Change (24h): -0.59%
24h High: $4,597.81
24h Low: $4,474.00
24h Volume: 365,495 ETH (~$1.66B USDT)
Ethereum continues to consolidate near the $4,560 level after briefly testing the $4,597 resistance earlier today. The market shows a balanced sentiment as traders await a decisive move that could dictate the short-term direction.
Despite the minor decline, ETH remains in a solid uptrend on the higher timeframes, supported by strong weekly and monthly gains.
Key Levels to Watch
Resistance:
• $4,600 – A confirmed breakout above this level could strengthen bullish momentum.
• Next targets lie at $4,650 and $4,700 if buying pressure accelerates.
Support:
• $4,520 – Immediate intraday support.
• A sustained drop below this zone could expose ETH to $4,480 and then $4,450, where stronger buying interest may appear.
Trade Setup – Potential Scenarios
Bullish Setup:
• Entry: Above $4,600 after a clear breakout confirmation.
• Take-Profit Targets:
• TP1: $4,650
• TP2: $4,700
• Stop-Loss: Below $4,520
Bearish Setup:
• Entry: Below $4,520 with increasing sell volume.
• Take-Profit Targets:
• TP1: $4,480
• TP2: $4,450
• Stop-Loss: Above $4,590
Final Take :
Ethereum’s near-term structure suggests that price is consolidating after a strong rally, allowing momentum indicators to reset before the next leg. A break above $4,600 could attract renewed buying and push ETH toward fresh highs, while failure to hold $4,520 may signal short-term weakness.
