Ethereum (ETH) continues to show signs of growth, maintaining a level above $4,500 despite short-term fluctuations.
Current Trends of Ethereum
Currently, Ethereum is trading at $4,530, up 5% over the past week. Although there has been a slight 2% drop in the last 24 hours, the asset has managed to reclaim the $4,500 mark.
Key Resistance Levels
Ethereum is projected to target the $4,800–$4,880 range. This level has acted as resistance in the past, and a breakthrough could pave the way for further increases. Analyst Nami stated, "Ethereum is consolidating, and pressure at the $4,800-$4,880 level is building."
Record Ethereum Exit Queue
Data reveals that over 2.6 million ETH are currently waiting to exit staking. The wait time has reached a record 45 days. This spike began last week and has remained high, indicating growing interest in the asset.
Ethereum demonstrates resilience above the $4,500 level, potentially leading to new growth amid increasing interest from holders and institutional investors.
