Ethereum is currently consolidating around 4549, having pulled back from 4794 and holding firm three times around 4455 without breaking. This position has become a solid support zone.
There is some pressure above 4600, but if 4455 holds steady, there is still room to move upwards. The current trading volume of 10.66 million ETH is causing significant fluctuations in the market, which is quite tense. The key point is whether the 4455 support level can hold strong.
There are many longs in the 4460-4490 range, with an initial target of 4600 and a subsequent target of 4730.
