Ethereum Support Holds Key; $4.7K Target Remains Possible

Ethereum’s price action shows resilience as it holds above key support levels, hinting at a potential move toward the $4,754 area. Despite a recent pullback, Ethereum has retained its position above the crucial demand zone between $3,600 and $3,800. This zone served as a vital support during recent market rallies, providing room for price rebounds. Analysis suggests that if the current level is maintained, a move towards the previous high at $4,754 could be in sight.