#ETH is causing the market to be restless as it is only ~3% away from hitting ATH $4,865. The current price fluctuates around $4,630 – $4,650, after quickly testing the $4,777 area and then slightly declining due to profit-taking pressure. Nevertheless, the upward trend remains very clear.

Data from the past 24 hours:

  • Price fluctuations: $4,464 – $4,777

  • Performance: +41% in 1 month, +59.3% in 3 months – far exceeding the average market increase (~9%).

  • Reason: #Bitcoin achieving a new ATH, ETH upgrading Pectra, expecting the Genius Act to legitimize stablecoins, along with strong ETF & institutional cash flow pouring into DeFi and staking.

ETH approaches the peak: break ATH or price trap?

Technical analysis:

  • ETH has successfully broken through the resistance area of $4,600 – $4,650. If it maintains above this area, the next scenario could be a breakout to $4,800 – $5,000. Conversely, if it breaks below $4,550, the price could retreat to $4,300 – $4,400 for accumulation.

  • Notably, trading volume is increasing, indicating that cash flow remains in the market instead of withdrawing. Additionally, momentum indicators (RSI, MACD) are currently high but not overly hot, creating room for a next “push”.

Market view:

  • In the short term, $BTC may continue to lead, but ETH is catching up with the “catch-up trade” – a trend that often explodes quickly when major altcoins want to level their performance against BTC. If BTC maintains above $122k, the likelihood of ETH testing ATH again is very high.

  • In the long run, the Layer 2 expansion story – asset tokenization – and legal stablecoins will be the driving force maintaining demand for ETH. This makes ETH not just a trading coin, but also the “infrastructure” for the entire crypto market.


Entry point:

  • Short-term buying range: $4,550 – $4,600 (if the price adjusts)

  • Short-term target: $4,800 – $5,000

  • Stop loss: below $4,450

  • For long-term holders, hold your position as the macro trend still supports altcoin season.

This is a reasonable phase to $ETH accelerate, and when ETH surpasses its peak, it could very well trigger a ripple effect to many other altcoins. If ETH is paving the way for Altseason, then $BNB is the ship ready to launch to THE MOON, don't miss out this season.

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