Ethereum rises above the $4,500 mark after several attempts, indicating a shift in short-term momentum. Increased trading volumes suggest growing interest from investors.
Technical Analysis and Short-Term Outlook
Current price action reflects a bullish structure on the 4-hour chart, with ETH trading around $4,513. The breakout above the $4,500 resistance is seen as a positive sign, with upside potential extending to the $4,725–$4,750 range.
Support Signals and Consolidation
Analyst Michaël van de Poppe notes that Ethereum is likely to range until the 20-week moving average rises. Key liquidity levels are located near $4,107 and $3,941, limiting potential corrections.
Long-Term Prospects for Ethereum
Ethereum's fundamentals remain strong as institutional demand increases. Total fund holdings reached a record of 6.7 million ETH, confirming the project's resilience and long-term prospects despite current fluctuations.
With price stabilizing around $4,500 and historic demand strength, Ethereum shows good prospects for continued growth, provided structural support remains intact.
