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Ethereum Price Update: ETH Eyes $4,500 Amid Short-Term Recovery
Ethereum has started a modest recovery, mirroring Bitcoin’s recent upward momentum. After testing the $3,880 zone, ETH climbed past key short-term levels, including $4,000 and $4,050, signaling a tentative return to positive territory.
By midweek, the cryptocurrency even reached a high of $4,225 before consolidating gains, reflecting cautious optimism among traders. As of the latest data, Ethereum remains above the 23.6% Fibonacci retracement level of its recent surge from the $3,708 swing low to the $4,225 peak.
Technical Indicators Suggest Stabilization
Ethereum is currently trading above $4,150 and the 100-hour Simple Moving Average (SMA), indicating short-term support. Analysts note that a bullish trend line has formed on the hourly ETH/USD chart, with immediate support around $4,050. This suggests that Ethereum’s price may continue to consolidate above key technical levels, maintaining a foundation for potential gains.
“Ethereum’s price action shows stability above important short-term support, which could set the stage for further upward movement,” market observers commented. However, caution remains as resistance levels could slow momentum.
Resistance Levels to Watch
On the upside, Ethereum faces its first resistance around $4,220, followed closely by $4,250. A more significant barrier exists near $4,320. Traders monitoring the charts suggest that a sustained move above this level could open the path toward $4,450 in the coming sessions.
Further bullish momentum might even target $4,500 to $4,550 if Ethereum successfully breaks these resistance points. Such levels, if reached, would reflect a continuation of the recovery wave observed over the past week.
Possible Downside Risks
While Ethereum has gained ground, a failure to surpass $4,220 could trigger a renewed decline. Initial downside support is noted near $4,150, with a stronger support zone around $4,120.
A clear break below $4,120 may push the price toward $4,050, and a further slip could bring Ethereum closer to the $4,000 mark. Should losses extend beyond this, the $3,880 level would serve as the next critical support, representing the low from which the recent recovery began.
Short-Term Outlook
In the near term, Ethereum’s price appears to be balancing between cautious gains and potential pullbacks. Consolidation above the 100-hour SMA and key trend lines suggests stability, while resistance levels above $4,220 indicate possible limits to upside momentum.
Technical observers note that the cryptocurrency remains highly sensitive to intraday price movements, with both bulls and bears closely monitoring the $4,220–$4,320 range for early indications of direction.
Support Levels: $4,150, $4,120, $4,050, $4,000, $3,880
Resistance Levels: $4,220, $4,250, $4,320, $4,450, $4,500–$4,550
These levels provide a framework for understanding Ethereum’s short-term price dynamics. The current market structure shows consolidation above crucial supports, indicating that the digital asset may be stabilizing after its recent declines.
Ethereum’s price movements suggest a period of cautious optimism, as the asset tests short-term highs while consolidating above key technical supports. The market remains attentive to resistance levels between $4,220 and $4,320, which could define the next phase of price action.
While the cryptocurrency has shown resilience above critical support zones, analysts and traders emphasize monitoring both upward and downward price signals. The ongoing balance between consolidation and potential breakout levels will likely shape Ethereum’s performance in the coming days.
