Ethereum approaches the crucial $4,400 resistance level with significant bullish momentum after an advance from $2,400 to current levels near $4,190. Market analysts indicate that a decisive breakout above this threshold could propel ETH toward its all-time high of $4,800.
The Moving Average Convergence Divergence (MACD) histogram confirms strengthening upward momentum, suggesting increasing buyer interest. On-chain indicators further bolster the bullish sentiment, with MVRV_norm and NUPL_norm metrics showing broad profitability among holders without reaching historically overextended levels.
A confirmed daily close above $4,400 would pave the way for near-term targets around $4,800, though medium-term potential hinges on broader market conditions. Technical analysts highlight $4,400 as the pivotal level determining Ethereum’s next directional phase.