Cautiously Bullish on Ethereum — $5K If $4,880 Breaks
I see Ethereum showing renewed bullish momentum after finding support near $4,500 and climbing above key intraday levels. With the hourly MACD rising and RSI above 50, the path toward $4,780–$4,880 looks plausible and could clear the way to $5,000+ if momentum continues.
That said, upside is not guaranteed: failure to clear $4,780 could pull ETH back toward $4,700–$4,650, with deeper support near $4,550–$4,480. Risk management is essential given the proximity to multiple resistance levels.
My practical approach is to buy on weakness into the $4,650–$4,480 support band or wait for a clean breakout above ~$4,880 before adding fresh exposure, using stops below $4,650 to limit downside.
Analysis
Recommendation
Prefer buy-on-weakness into $4,650–$4,480 or buy after a confirmed breakout above ~$4,880; keep stops beneath $4,650 and position size modest given short-term resistance risk.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.