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Ethereum (ETH/USDT) 4H Analysis: Eyeing a Breakout Toward $5,000
Ethereum (ETH) has been consolidating within a critical range, but recent price action on the 4-hour chart suggests momentum could be shifting in favor of the bulls. At the time of writing, ETH is trading around $4,553, showing early signs of recovery after testing lower support levels near $4,400.
The chart shows ETH bouncing back strongly from its recent dip, with buyers regaining control. A successful breakout above $4,650 resistance could open the door for a rapid rally toward $4,800 and eventually retesting the psychological $5,000 level.
Technical Outlook
Trend: Higher lows indicate bullish pressure building up.Momentum: Price structure suggests accumulation before a potential breakout.Projection: A move above $4,650 could trigger a strong upward push, as illustrated by the white breakout arrow and the curved blue trajectory in the chart. Market Sentiment
Ethereum remains a leading altcoin, with strong network fundamentals and continued demand from both retail and institutional investors. As Bitcoin consolidates, ETH could benefit from capital rotation, further fueling its rally potential.
Conclusion
The $4,650–$4,800 resistance zone is the key battleground. If Ethereum breaks and sustains above it, the rally toward $5,000 could materialize sooner than expected. Traders should keep an eye on volume confirmation to validate this breakout.