Ethereum Nears Supply Zone After $4,600 Surge — Resistance Looms at $4,650–$4,900
I believe Ethereum (ETH) has rallied to $4,600 driven by strong HODLing sentiment and renewed bullish momentum. This uptick brings ETH close to a historical supply zone, where selling pressure has appeared previously.
Traders should be cautious around the $4,650–$4,900 area, which I view as a key resistance band that could cap further upside or trigger short-term pullbacks. Risk management is essential when trading this move, as liquidity and profit-taking in the supply zone may increase volatility.
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The AI 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.