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Ethereum Bulls in Control — What’s Stopping a Move to $4,500?
Ethereum (ETH) has extended its recovery, outperforming Bitcoin and pushing above key resistance levels. The recent price movement suggests bullish sentiment remains strong, but traders are now watching closely to see whether Ethereum can break through the $4,400 and $4,500 resistance zones in the coming sessions.
Here’s a closer look at what’s driving ETH’s momentum — and where it might be headed next.
ETH Price Regains Momentum From $3,950 Support
After briefly dipping to a support zone near $3,950, Ethereum quickly rebounded, breaking through the $4,000 and $4,250 resistance levels. Bulls managed to push ETH above $4,300, with the price testing the $4,360 level before entering a short consolidation phase.
A high was formed at $4,362, and ETH is currently holding gains above the 23.6% Fibonacci retracement level, measured from the $3,545 swing low to the $4,362 high. This signals healthy price structure and suggests that buyers remain in control — for now.
Ethereum is now trading above $4,200 and remains above the 100-hour Simple Moving Average (SMA), a positive technical indicator. On the hourly ETH/USD chart, a bullish trend line is also forming, providing dynamic support near $4,250.
Resistance Levels to Watch: $4,320, $4,400, $4,500
In the near term, Ethereum faces initial resistance around the $4,320 level. If bulls manage to break above that, the next key resistance lies at $4,350, followed by a more critical barrier at $4,400.
A confirmed breakout above $4,400 could open the door to further gains. The next upside targets would likely be $4,500, and if momentum continues, ETH could test $4,550 or even $4,650 in the short term.
This potential rally is supported by technical indicators and ongoing market interest in Ethereum, fueled in part by ETF inflows, network growth, and favorable regulatory developments in the U.S.
Are Downside Risks Limited?
While the technical outlook remains positive, a failure to clear $4,320 could lead to a short-term correction. In this case, Ethereum may test support near $4,250, which aligns with the ascending trend line. The next major support sits around $4,200 — a level that bulls are likely to defend aggressively.
If the $4,200 support is broken, ETH could slide toward the $4,120 or even $4,050 levels. A deeper pullback may see price retest the $4,000 zone, which has acted as a significant support floor in recent weeks.
Technical Indicators Signal Strength
- Hourly MACD (Moving Average Convergence Divergence): The MACD indicator for ETH/USD is currently gaining momentum in the bullish zone, supporting further upside movement if resistance levels are breached.
- Hourly RSI (Relative Strength Index): The RSI remains above 50, indicating that buying pressure is still outweighing selling activity.
- Key Support Levels: $4,250, $4,200, and $4,000
- Key Resistance Levels: $4,320, $4,400, and $4,500
Market Sentiment Remains Bullish
Ethereum’s recent strength comes amid broader market optimism. The altcoin has outperformed Bitcoin in recent days, and many analysts point to Ethereum-specific catalysts such as the growth of DeFi protocols, the upcoming network upgrades, and increasing institutional interest.
Also, macroeconomic factors, including expectations for U.S. interest rate cuts, continue to fuel risk-on sentiment across both crypto and traditional markets. A softer-than-expected inflation report this week could reinforce bullish momentum across crypto assets.
As long as Ethereum holds above $4,200 and the bullish trend line remains intact, the path of least resistance appears to be upward. A move past $4,320 could pave the way for a test of the $4,400 resistance, with a potential breakout targeting $4,500 and beyond.
However, traders should stay cautious of short-term volatility — especially with key macroeconomic events on the calendar.
Whether Ethereum can sustain this momentum will largely depend on market sentiment, volume strength, and external economic signals.
