Ethereum Eyes Recovery As Bulls Target $4,500

• Ethereum builds long position in the $4,400-$4,500 range
• On-Balance Volume (OBV) shows strong market interest
• $4,200 remains a crucial fallback support level

Ethereum (ETH) appears to be gaining traction as it tests the $4,400-$4,500 range, a zone now emerging as a short-term support level for bullish traders. According to recent market insights, investors are beginning to build long positions in this region, reflecting growing confidence in ETH’s upward potential.

OBV Signals Strong Buying Interest

One key metric reinforcing this bullish sentiment is the On-Balance Volume (OBV). This indicator, which tracks volume flow, is showing strength — signaling that more buyers are entering the market. OBV rising while ETH holds above key levels is typically seen as a sign of sustained buying pressure.

This aligns with Ethereum’s current 4-hour chart, which points to a critical resistance-turn-support zone in the $4,400 to $4,500 range. If ETH can maintain this level, a potential breakout above $4,500 may follow, possibly setting up a fresh push toward new highs.

Watch $4,200 If Trend Fails

Despite the bullish signs, traders remain cautious. If Ethereum fails to hold the $4,400 support zone, eyes will shift to the next key level around $4,200. This area is being closely monitored as a secondary entry point in case of a pullback. A strong bounce from $4,200 would indicate continued interest from buyers and offer another opportunity for long entries.

As always, market participants are advised to manage risk carefully, especially in volatile zones like this. While indicators support bullish momentum, invalidation of the $4,400 region could quickly shift sentiment.