Ethereum has just shattered its resistance at $4,500, signaling bullish momentum and potential for further gains. On-chain data reveals record fund holdings and a surge in institutional interest in ETH. Technical support remains strong with limited downside expected as the market consolidates before the next leg up. 📈
Analysts now predict upside towards $4,580 and $4,620, with possible extension to the $4,725–$4,750 zone. However, short-term consolidation near $4,525 suggests ETH may pause before further gains develop.
Here’s what technical indicators suggest:
* The 4-hour chart shows a bullish structure with ETH trading around $4,513 after touching $4,563 earlier. Resistance has flipped into support, increasing the probability of sustained upward movement if the range holds.
* Analyst Michaël van de Poppe anticipates Ethereum to range until the 20-Week MA at $3,941 moves higher. He sees limited downside risk with key liquidity levels resting near $4,107 and $3,941 suggesting shallow corrections.
On-Chain Data Supports Long-Term Strength:
* Institutional demand and long-term accumulation are steadily rising as Ethereum fund holdings reach an all-time high of 6.7 million ETH, while overall holder balances rose to 20.6 million ETH.
* This growth highlights Ethereum’s shift towards a yield-bearing asset with strong staking incentives and increasing ETF participation.
With a 7-day gain of 4.99% and a 90-day return of nearly 75%, consistent strength is evident in the short to medium term. Year-to-date, ETH has gained 35.44% while year-on-year, the gains stand at 92.89%. This strong momentum signals healthy investor confidence.
Despite some short-term pullbacks, Ethereum’s network activity and institutional inflows suggest a sustainable uptrend supported by fundamentals. With price stabilizing near $4,500 and demand showcasing historic strength, ETH appears well-positioned for sustained growth. As long as structural support remains intact, the path of least resistance points higher.
Disclaimer: This information is intended as general market commentary and does not constitute investment advice. Please do your own research before investing.