$ETH #ETH4500Next? 🚀 Ethereum Surges Past $4,400 — Is the Next Rally Around the Corner? 💥🔥
Ethereum ($ETH) has powered through the $4,400 barrier 📈, notching a +5.47% gain in the past 24 hours and extending its impressive 7-day climb of +20%.
📊 Market & On-Chain Overview
Price: $4,407.72
24h High: $4,414.83
Bollinger Bands: Trading right along the upper band at $4,367, signaling persistent bullish strength.
Order Flow: Marginal buy-side edge — Buyers: 50.08% 🟢 | Sellers: 49.92% 🔴.
Volume: $2.88B (USDT) — showing strong market engagement.
📈 On-Chain Signals
Whale Accumulation: Major ETH holders are steadily adding to positions, with significant transfers to long-term wallets.
Network Activity: Rising active address count points to growing adoption and transaction throughput.
Exchange Reserves: ETH supply on centralized platforms is shrinking 📉 — a bullish sign as more coins are moved to cold storage.
🎯 Short-Term Price Levels to Watch
1️⃣ Immediate Resistance: $4,450 – $4,470
2️⃣ Breakout Range: Surpassing $4,500 could accelerate a run toward $4,650.
3️⃣ Mid-Term Target: $4,800 – $5,000 if momentum holds and Bitcoin stays strong.
⚠️ Caution: The 4H chart is showing overbought signals. A minor retracement to $4,300 – $4,250 may occur before another upward move.
💡 Bottom Line: Ethereum’s technicals and on-chain data remain firmly bullish. A decisive move above $4,450 with solid volume could open the gates for $4,650+. Watch whale transactions and Bitcoin’s trajectory for confirmation.