Ethereum Holds $4,500 Support — Path to $7,500 Intact

I see Ethereum pulling back from a $4,788 intraday high to trade around $4,557, but crucial $4,500 support is holding for now. Institutional demand is keeping longer-term conviction alive despite the short-term retreat.

Technicals look stretched — recent readings suggest overbought conditions and a near-term correction risk — yet the broader narrative points to a path toward $7,500 if institutional flows continue.

I’m cautious in the short term and prefer scaling in on weakness or waiting for a clear consolidation above support before adding significant exposure.