Ethereum Near $4,750 Resistance After Bouncing From Support Zone

Ethereum is currently trading near the $4,750 resistance level after a rebound from the $4,200 support zone. Trading volume has surged, indicating increased market activity and potential for further gains. Analysts are closely watching if the cryptocurrency can break above this key resistance to reach its next target of $5,000. Institutional interest and anticipation of a rate cut have fueled Ethereum’s rally.