Ethereum Price Analysis: Bullish Pennant or Further Decline?

Ethereum’s price is currently hovering around $4,364.42 and facing a crucial crossroads. Support at the $4,240 level is under pressure as Ethereum seeks to break through resistance above $4,500. Will this breakthrough ignite a sustained rally towards $4,600 or will it face a downturn? 24-hour trading data shows a 1.76% increase in price despite a 7.46% drop over the past seven days. Crypto analysts like Kamran Asghar and Ted are closely watching this development.