Ethereum’s price continues to surge today, according to CoinStats. The ETH/USD pair has experienced a notable increase of 4.74% over the past 24 hours. 📈 However, on the hourly chart, we see a slight decline after a false breakout above $4,712 resistance. If this downward trend persists, a test of the support level is likely by tomorrow. 📉 Focus should be placed on the daily bar closing to assess yesterday’s peak. A long wick and a close below $4,639 may signal a bearish move potentially leading to a drop toward the $4,300 zone. Meanwhile, there are currently no reversal signals at this time. If the weekly candle closes near current levels, it could lead to a test of the vital $5,000 area by the end of the month. 🗓️ Ethereum is currently trading at $4,656.