Ethereum Reclaims $4,600 After Multiple Rejections as Traders Eye Possible Breakout Above $4,650

Ethereum price has rebounded to $4,604 with a 2.3% 24-hour gain and roughly 15% weekly ￰0￱ are watching a decisive resistance zone at $4,650–$4,700; a clean breakout could push ETH toward $4,900–$5,000, while a rejection may retest support near $4,200. Key resistance: $4,650–$4,700 — tested four times Market cap ≈ $556 billion; 24h volume > $35 billion. Liquidations: $53M wiped out in 24h; shorts ~$37M, signaling easing bearish ￰1￱ price rebounds to $4,604; traders eye breakout above $4,650. Read concise analysis of resistance, liquidity data, staking trends, and likely ￰2￱ is driving Ethereum’s rebound to $4,600?

Ethereum price climbed back to $4,604 after a 2.3% 24-hour gain, supported by rising on-chain staking and falling bearish ￰3￱ data showing $53 million in recent liquidations and higher lows since mid-September indicate strengthening buyer ￰4￱ likely is a breakout above $4,650? ETH has tested the same descending trendline four times without a clean close above it, creating a critical resistance at $4,650–$4,700. If ETH closes decisively above this zone with elevated volume, momentum typically accelerates toward the $4,900–$5,000 range. Conversely, failure to hold above the channel could prompt a pullback to support near $4,200.

Current RSI near 60 suggests healthy momentum without overextension, so watch volume and trendline confirmations closely. , "description": "Ethereum climbs to $4,604 with growing ￰5￱ monitor a key resistance at $4,650–$4,700; a breakout could target $4,900–$5,000 while failure risks a retest of $4,200." When did the recent price move and liquidations occur? Over the past 24 hours ETH rose 2.3% to $4,604 and saw about $53 million in leveraged ￰6￱ positions accounted for approximately $37 million of that total, indicating short-squeeze dynamics helped the ￰7￱ on-chain and technical signals matter now? Key on-chain signals: rising staking participation and reduced short liquidity.

Technicals: higher lows since mid-September and RSI near 60. Together, these suggest buyer accumulation with manageable momentum. Comparison: Key Levels and Metrics Metric Value Current price $4,604 Market cap ≈ $556 billion 24h volume > $35 billion Immediate resistance $4,650–$4,700 Upside target on breakout $4,900–$5,000 Support on failure ≈ $4,200 , Frequently Asked Questions How did liquidations affect the recent price move? Large liquidations—about $53M in 24 hours—likely accelerated the short-term ￰8￱ liquidation of roughly $37M suggests short-covering boosted upward pressure, reducing bearish ￰9￱ the Fusaka upgrade influence price action?

The Fusaka upgrade scheduled for December and rising staking participation are supportive long-term ￰10￱ fundamentals can underpin bullish sentiment but do not guarantee short-term breakout ￰11￱ should traders watch next? Traders should watch for a daily close above $4,650 with volume confirmation, RSI trajectory, and on-chain staking trends to validate a sustained breakout versus a false ￰12￱ Takeaways Resistance tested: ETH has attempted the descending trendline four times; $4,650–$4,700 is ￰13￱ shift: $53M liquidated in 24h, shorts accounting for $37M, easing bearish ￰14￱ step: Seek a daily close above resistance with rising volume before assuming breakout ￰15￱ Ethereum’s reclaim of $4,600 reflects rising buying interest and reduced short liquidity, but the $4,650–$4,700 zone remains ￰16￱ daily closes, volume, and on-chain staking metrics for ￰17￱ by COINOTAG on 2025-10-05; follow COINOTAG for timely market updates.

Author: Alexander Stefanov — Reporter, COINOTAG Published: 5 October 2025 | 11:17 (UTC) Related stories Ethereum Foundation Converts 1,000 ETH to Stablecoins Ahead of Major Network Upgrade — 20 hours ago — 2 min read $985 Million Floods Into Bitcoin ETFs as Ethereum Loses Momentum — 21 hours ago — 2 min read Walmart App to Support Bitcoin and Ethereum, Thanks to New Deal — 2 days ago — 2 min read Vitalik Buterin Warns Ethereum Against Influence of Peter Thiel — 2 days ago — 2 min read Citi Revises Bitcoin and Ethereum Forecasts Amid ￰18￱ — 3 days ago — 1 min read Ethereum News: Historic Supply Drain Points to Explosive Price Action — 3 days ago — 2 min read