ETH Soars Past $4.6K as Bulls Eye $5,000 as Next Target (Ethereum Price Analysis)

Ethereum has regained strength over the past week, rebounding and reclaiming the $4,500 ￰0￱ remains constructive, but signs of short-term exhaustion are emerging as the market approaches key ￰1￱ Price Analysis: Technicals By Shayan The Daily Chart On the daily timeframe, ETH continues to trade within a well-defined ascending channel that has guided price action since early ￰2￱ current push toward $4,550 keeps it above both the 100-day and 200-day moving averages, confirming a sustained bullish structure. However, the price is approaching a strong supply area between $4,600 and $4,800, where previous rallies have faced ￰3￱ RSI has also climbed to 59, reflecting renewed bullish momentum but not yet into overbought ￰4￱ ETH manages to break and close above $4,800, the next leg toward $5,000–$5,200 could ￰5￱ the other hand, failure to break higher could trigger a retracement toward $4,000 support and the lower boundary of the ascending channel.) appeared first on CryptoPotato .