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- ETH trades at $4,529, holding the $4,500 support trendline.
- Resistance at $4,800 could unlock a rally toward $5,800.
- Tom Lee projects Ethereum could reach $30K–$60K this cycle.
Ethereum (ETH) is showing resilience even as the broader crypto market struggles. The token dipped just 1.25% in the past 24 hours and now trades around $4,529, with a market cap of $546.7 billion. Trading activity slowed by 36% to $30.4 billion, yet ETH continues to respect its long-term ascending trendline — a sign that buyers remain active.
A large whale recently unstaked and sold $31 million worth of ETH, a move that weighed on market sentiment. Such profit-taking is common during consolidation phases, and so far, Ethereum has held firm above the $4,500 support. Analysts point out that this higher-low structure signals underlying strength, even with temporary selling pressure from big holders.
Key Levels to Watch
Ethereum faces a major hurdle in the $4,700–$4,800 resistance zone, where repeated breakouts have failed. A decisive close above this range could unlock new inflows and push momentum toward $5,800. On the downside, slipping under $4,500 risks a retreat to $4,200–$4,300, an area of previous consolidation. For now, ETH appears locked in a narrowing range, with traders waiting for a breakout trigger.
Also Read: BNB Breaks Past $1K — Analysts Predict a $5,000 Mega Rally
Bold Predictions on ETH’s Future
Market voices continue to project an optimistic long-term path. Analyst @ardizor highlighted ETH’s historical ability to surge after consolidations, suggesting it could follow past explosive patterns. More strikingly, Tom Lee forecast ETH reaching $30,000 to $60,000 this cycle — a bold call that reinforces Ethereum’s status as a potential leader in the next wave of digital assets.
Ethereum’s near-term moves may look sluggish, but its broader setup points to strength. Holding above $4,500 while eyeing $4,800 leaves ETH in a critical position: consolidation today could pave the way for a breakout tomorrow.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
