Ethereum is trading around $4,504, slipping slightly from resistance zones but holding above key support at $4,500. T
he market is watching closely as macroeconomic expectations, especially a likely rate cut by the Fed, are influencing sentiment. Institutional interest remains present, but recent selling pressure and technical resistance are tempering bullish momentum.
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ETH Next Target
- Price: ~$4,504
- Recent Highs: Approaching around $4,600
- Support Level: ~$4,500
- Resistance Wall: In the $4,800–$4,880 range
- Volume Behavior: Moderate, with some signs of supply being defended by buyers
Smashed the target as expected.
Now this is the next expected move.
Key Indicators & Market Signals
- ETH continues to defend the $4,500 support zone, as dips below this level have been met with buying.
- Resistance remains strong between $4,800 and $4,880; breaking above this range may open up a possible rally.
- On-chain data indicates net outflows from exchanges, which suggests a supply squeeze.
- A bullish “cross” (50-day moving average crossing above the 200-day) is forming, signaling potential for further upside if momentum holds.
Latest News Highlights
- Analysts are pointing out that while ETH has strong gains year-to-date, the current price may be more sentiment-driven than based on usage metrics.
- Major institutional players are still accumulating, though some profit-taking is visible.
- The upcoming Fed rate decision is being tuned into closely by the market; expectations of a cut are boosting risk-on behavior among crypto investors.
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