Ethereum Forecast: $4,500 Target in Sight as Market Signals Rebound

Ethereum (ETH) is currently trading within a tight range between $3,500 and $4,800. This consolidation phase suggests an impending breakout toward significant price levels. Analysts suggest this range could signal the next major trend for Ethereum with the $4,500 mark playing a crucial role if momentum continues. Meanwhile, the broader market is showing signs of recovery. Bitcoin (BTC) is bouncing back from recent losses, while Cardano (ADA) trades in oversold territory. These positive trends are contributing to increased investor confidence.