Ethereum Nears $4.5K Resistance: What’s Next?
Ethereum eyes $4.5K resistance. A breakout could spark a new ATH, while rejection may pull it back to $4K.
- Ethereum is nearing a major resistance around $4,500.
- A daily close above $4,500 could lead to a new all-time high.
- A rejection may trigger a pullback to the $4,000 region.
Ethereum Tests Critical Resistance Zone
Ethereum is once again in the spotlight as it approaches a major resistance level at $4,500. After a steady climb, ETH bulls are now eyeing a potential breakout that could push the asset to new all-time highs. However, this key level has acted as a major barrier in the past, and its reaction here could dictate the short-term direction of the market.
A strong daily close above $4,500 would confirm bullish momentum and could lead to price discovery above the previous ATH. With renewed market optimism and increasing activity on the Ethereum network, many analysts believe the breakout scenario is becoming more likely.
What If Ethereum Gets Rejected?
While the bullish outlook dominates, there is still a chance that Ethereum may face rejection at the resistance. In such a case, traders should watch for a potential pullback towards the $4,000–$4,100 zone. This range has historically acted as a support, and a retest could offer a healthy consolidation before another breakout attempt.
Short-term traders are advised to be cautious and wait for confirmation either above $4,500 or signs of weakness before the resistance gets tested. A rejection could be temporary if broader market sentiment remains strong.
Market Eyes New All-Time Highs
If Ethereum manages to clear the $4,500 hurdle convincingly, it opens the door to a new all-time high, possibly even beyond the $5,000 mark. The recent surge in DeFi and NFT-related activity, combined with anticipation around Ethereum’s scaling upgrades, has further boosted investor sentiment.
In summary, Ethereum is at a crucial turning point. Whether it breaks out or faces rejection, the $4,500 resistance level is the one to watch in the coming days.
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