Key resistance levels in focus as Ethereum reclaims $4,500
Ethereum (ETH) is showing renewed bullish momentum after rebounding from recent lows, with the price climbing back toward the $4,600 zone. Traders are now closely monitoring whether ETH can overcome critical resistance levels to set up a push toward the $4,700–$4,900 range.
On the 4-hour chart, Ethereum has broken free from its short-term downtrend, reclaiming strength above the $4,500 mark. The chart highlights multiple support zones, with buyers stepping in strongly near $4,300 to prevent a deeper correction.
The immediate resistance sits between $4,650 and $4,700, a supply zone that has repeatedly capped upside attempts in September. A clean breakout above this region could expose ETH to the $4,900 “weak high”, a level that traders believe may be retested in the short term.
On the downside, immediate support rests at $4,400–$4,300, with deeper protection around $4,000. Holding these zones will be crucial for sustaining the bullish structure.
BITX Market analysts point to Ethereum’s consolidation as a sign of strength. , “ETH has successfully defended its $4,300 demand zone multiple times. This repeated defense indicates strong buyer interest at these levels.”
BITX analyst noted the importance of breaking through overhead resistance: “If Ethereum clears $4,700 with strong volume, the probability of testing $4,900–$5,000 increases significantly. Until then, price remains range-bound.”
Ethereum’s price structure suggests that bulls are regaining control, but a decisive breakout above $4,700 remains the key test. As long as $4,300 holds as support, the broader outlook favors further upside in the weeks ahead. Traders will be watching volume closely for confirmation of the next major move.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.