Ethereum Eyes $5,000 as Momentum Builds; Watch $4,780–$4,880 Resistance
I see Ethereum finding firm support around $4,500 and pushing above key intraday levels, with momentum confirmed by the 100-hour SMA and a bullish MACD/RSI. The market is testing resistance in the $4,780–$4,880 area after a rally from the $4,170 low.
A sustained break above $4,880 would open a clear path to $4,950 and a near-term target at $5,000–$5,150. Conversely, failure to clear resistance could lead to a pullback toward $4,700–$4,480, with $4,350 as the next key support.
Overall momentum is positive but price action at the $4,780–$4,880 zone will determine whether the rally extends or a corrective phase begins.
Analysis
Recommendation
Buy on weakness: consider accumulating on dips into the $4,650–$4,480 zone with a stop below $4,350; scale out or take profits near $4,880–$5,000 if resistance proves strong.
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.