Recent price fluctuations in Ethereum show promising signs of continued bullish momentum. Technical analysis suggests a potential for ETH to revisit its key resistance levels around $4,500, driven by robust market sentiment and technical indicators. The cryptocurrency’s rebound is fueled by supportive on-chain metrics and patterns like the bull flag, which could propel it toward record highs in November. While a breakthrough above $4,500 would be seen as confirmation of this bullish trend, a potential setback below $3,550 could trigger deeper retracements. 15% growth from recent lows has led to ETH approaching crucial resistance levels, with technical analysis pointing towards a breakout above the channel’s upper limit near $4,500 in October. This is supported by bullish double bottom patterns and market sentiment. The cryptocurrency has rebounded following its sharp dip to two-month lows. Analysts are closely watching whether this momentum can push ETH towards the $4,500 mark and potentially higher, as Ethereum’s fundamentals remain resilient amidst regulatory uncertainty.