strongeth

Ethereum (ETH) is trading near $4,200 and has been gaining momentum after weeks of sideways consolidation. Traders are closely watching the $4,455 resistance, a level ETH has struggled to break in recent sessions. If ETH can close decisively above that mark, the next upside zone lies between $4,600–$4,700. A breakout above this range could trigger a rally toward $4,900 within weeks.

However, caution is warranted. Ethereum’s immediate support lies at $4,258 (its 50-day EMA). Failure to hold this level could bring a deeper test at $3,835 (100-day EMA) or even $3,371 (200-day EMA). These supports remain crucial for sustaining ETH’s uptrend.

Short-term market sentiment depends heavily on institutional inflows, ETF trading volumes, and Ethereum network usage. Rising adoption in DeFi and NFTs continues to strengthen the bullish case. But if ETF demand slows or macroeconomic conditions worsen, ETH could revisit the $4,200–$4,250 support zone.

Overall, the bias remains cautiously bullish. As long as ETH holds above its key support levels, traders are eyeing $4,700–$4,900 as the next upside targets in the coming months.
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