What Ethereum Price Needs to Unlock Higher Gains
The post What Ethereum Price Needs to Unlock Higher Gains appeared on BitcoinEthereumNews.com. Ethereum price traded around $4,300 at press time, as traders assessed whether the token could push beyond $4,500 resistance. The ETH price continued to find buyers near $4,250, with institutional inflows and accumulation by large holders contributing to stability. Analysts said a breakout could shift attention toward the $5,000 mark. Technical Signals Around Ethereum Price The ETH price tested $4,250 support several times in recent sessions. Each dip toward that level drew new buyers, suggesting the zone was critical in maintaining momentum. On the upside, analysts identified resistance between $4,350 and $4,500. Clearing this range, they said, would be essential to unlocking further gains. A widely cited analysis from Merlijn The Trader pointed to a triple bottom formation visible on the daily chart. This structure, which can signal a bullish reversal, appeared alongside an increase in trading activity. Merlijn said that without stronger volume, the pattern risked failing. In that case, the ETH price could retrace toward $4,100. Moving averages provided additional context. The 50-day simple moving average (SMA) was near $4,130 at the time of writing, offering short-term support. The longer-term 200-day SMA, around $3,870, secured the broader uptrend and showed that the overall structure remained intact. Momentum indicators painted a more cautious picture. The Relative Strength Index (RSI) was close to 50 at the time of writing, a neutral level that reflected indecision. Analysts said a move above 55 might confirm stronger buying pressure, while a slide below 45 could trigger additional selling. Institutional Demand and Ethereum Price Outlook Institutional demand provided another pillar of support. Recent market data showed that Ethereum exchange-traded funds attracted more than $450 Million in inflows. BlackRock’s Ethereum ETF contributed the largest share, underscoring the role of large asset managers in shaping sentiment. Analysts said this institutional activity highlighted a growing willingness to…
The post What Ethereum Price Needs to Unlock Higher Gains appeared on BitcoinEthereumNews.com.
Ethereum price traded around $4,300 at press time, as traders assessed whether the token could push beyond $4,500 resistance. The ETH price continued to find buyers near $4,250, with institutional inflows and accumulation by large holders contributing to stability. Analysts said a breakout could shift attention toward the $5,000 mark. Technical Signals Around Ethereum Price The ETH price tested $4,250 support several times in recent sessions. Each dip toward that level drew new buyers, suggesting the zone was critical in maintaining momentum. On the upside, analysts identified resistance between $4,350 and $4,500. Clearing this range, they said, would be essential to unlocking further gains. A widely cited analysis from Merlijn The Trader pointed to a triple bottom formation visible on the daily chart. This structure, which can signal a bullish reversal, appeared alongside an increase in trading activity. Merlijn said that without stronger volume, the pattern risked failing. In that case, the ETH price could retrace toward $4,100. Moving averages provided additional context. The 50-day simple moving average (SMA) was near $4,130 at the time of writing, offering short-term support. The longer-term 200-day SMA, around $3,870, secured the broader uptrend and showed that the overall structure remained intact. Momentum indicators painted a more cautious picture. The Relative Strength Index (RSI) was close to 50 at the time of writing, a neutral level that reflected indecision. Analysts said a move above 55 might confirm stronger buying pressure, while a slide below 45 could trigger additional selling. Institutional Demand and Ethereum Price Outlook Institutional demand provided another pillar of support. Recent market data showed that Ethereum exchange-traded funds attracted more than $450 Million in inflows. BlackRock’s Ethereum ETF contributed the largest share, underscoring the role of large asset managers in shaping sentiment. Analysts said this institutional activity highlighted a growing willingness to…
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