Ethereum’s price has broken above the $4,500 barrier, trading at around $4,650 as tight investor accumulation and decreasing selling pressure drive bullish sentiment. More than 1.7 million ETH has been accumulated in the $4,300–$4,400 range, solidifying this area as an important level of support. Exchange inflows have declined considerably, pointing towards investor confidence and decreased selling pressure. Whereas ETH currently looks to make a push towards its all-time high, experts sound warning that the $5,200 Realized Price Upper Band still represents a very important resistance point that will need to be overcome for additional upside.
KEY LOOKOUTS
• The $4,300–$4,400 zone serves as the main support supported by 1.7 million ETH buying.
• ETH will now have to contend with major resistance at the $5,200 Realized Price Upper Band before making new highs.
• Sinking exchange inflows indicate diminished selling pressure and increasing investor optimism.
• Break above $4,500 and solid technical signals indicate the possibility of a rally to record highs.
Ethereum has breached the $4,500 ceiling and is now trading at about $4,650, with solid accumulation and diminished selling pressure. Investors have piled in more than 1.7 million ETH in the $4,300–$4,400 zone, establishing a firm support level while exchange inflows reduce further, pointing to increasing conviction in additional upside. With strength mounting, ETH now targets a test of its all-time high, although resistance around the $5,200 Realized Price Upper Band is a key obstacle on the way higher to the next leg.
Ethereum is trading around $4,650 after crossing the $4,500 resistance level due to strong accumulation and diminished exchange inflows. Though the bullish trend favors a move towards all-time highs, resistance at $5,200 is the point to look out for.
• Ethereum price has gone past the $4,500 resistance and is trading at around $4,650.
• Investors have bought more than 1.7 million ETH in the $4,300–$4,400 band, creating a robust support base.
• Exchange inflows have decreased by over 60%, indicating decreased selling pressure.
• Addresses of accumulation indicate increasing confidence, with less ETH being transferred to exchanges.
• ETH is confronted with significant resistance at the $5,200 Realized Price Upper Band.
• Technical indicators indicate solid bullish momentum, but short-term pullbacks are imminent.
• ETH’s long-term prospects continue to be supported by institutional demand, staking growth, and smart contract adoption.
Ethereum remains very popular with investors, with current buying accentuating optimism for the network’s long-term worth. More than 1.7 million ETH has been bought in the $4,300-$4,400 band, an indication that investors are strategically positioning themselves around critical levels. This consistent purchasing trend has also been complemented by decreasing exchange inflows, meaning that holders are transferring ETH out of exchanges and into private wallets or long-term holds, supporting the thesis of diminished selling pressure within the market.
ETHEREUM DAILY CHART PRICE
SOURCE: TradingView
Outside of investor dynamics, Ethereum’s ecosystem is still among the strongest within the cryptocurrency community. Institutional involvement, corporate uptake, and the growing influence of staking have contributed to the strength and popularity of the network. Simultaneously, growing smart contract use is further driving Ethereum’s significance in decentralized finance (DeFi), NFTs, and other blockchain applications. Individually and collectively, these points highlight Ethereum as much a digital asset as a base technology fueling the future of digital progress.
TECHNICAL ANALYSIS
Ethereum’s technicals indicate strength following a breakout past the $4,500 level of resistance, with price currently at around $4,650. The breakout was in the form of a falling wedge pattern, generally considered a bullish reversal sign, which suggested room for further increases. The Relative Strength Index (RSI) remains above its middle line, affirming upbeat momentum, while the Stochastic Oscillator is in the overbought area, suggesting potential near-term pullbacks. On the negative side, the $4,300–$4,400 zone and the 50-day Simple Moving Average (SMA) are solid support points, while on the positive side, ETH needs to break above the $5,200 Realized Price Upper Band to establish a sustainable rally toward new all-time highs.
FORECAST
Ethereum’s breakout over $4,500 indicates firm bullish momentum, with the help of heavy accumulation and falling exchange inflows. If the buyers hold on, ETH may gain traction towards retesting its earlier all-time high at $4,956. A breakout above this level would pave the way for a run to $5,200 and beyond, as long as the Realized Price Upper Band is overcome, which would validate a new bullish leg in the current cycle.
Conversely, inability to break through resistance at $5,200 may result in a consolidation or pullback. In this case, Ethereum would be anticipated to gain powerful support between $4,300 and $4,400, where major investor accumulation has occurred. If bearish momentum continues, the $4,000 psychological barrier and the 50-day Simple Moving Average (SMA) would serve as important cushions to avoid further declines.
