The Ethereum price has surged past $4,500, demonstrating a strong bullish trend. This upward movement follows a steady climb from the $3,200 region, surpassing previous resistance at $3,530 and establishing itself as a powerful support zone. 200-day SMA currently sits below spot levels, reinforcing the underlying bullishness of the Ethereum structure.
The current price is near $4,533, with the 50-SMA ($4,442) serving as an important short-term floor for stability.
Current technical signals suggest a balanced market with potential for further growth. The RSI at 59 shows that ETH is recovering without becoming overbought.
Key Ethereum Price Levels:
* Immediate Support: $4,440 (50 SMA)
* Major Support Zone: $3,850–$3,530
* Near-Term Resistance: $4,750–$4,800 cluster
If Ethereum holds above the 50 SMA support, a breakout to the $5,000 level is likely. This could trigger further gains into the $5,300-$5,500 range. However, a loss of $4,440 would likely lead to a pullback towards $4,000-3,850, which would not negate the overall bullish trend.
Ethereum price predictions show traders should consider buying dips near $4,440 for targets above $4,900 or initiate breakout plays above $5,000. Short setups can be employed by selling ETH near $4,750–$4,800 with the aim of breaking below $4,400.
For beginner traders, OKX offers a bonus up to 100 euros for completing onboarding steps – deposit funds and trade Ethereum. Traders can leverage this opportunity to test their strategies, whether they are aiming for a breakout or protecting against a potential pullback.