Ethereum Price Analysis: Is ETH Primed for a New ATH This Week?
Main Idea
Ethereum (ETH) has shown strong bullish momentum, breaking key resistance levels and approaching its all-time high (ATH) of $4,800, driven by technical factors and investor optimism, though a short-term pullback is possible.
Key Points
1. ETH has entered a powerful impulsive rally, reclaiming major resistance levels at $4,000 and $4,500, and is now nearing the critical $4,800 ATH.
2. Substantial inflows into ETH ETFs have reinforced bullish sentiment and strengthened the upward move.
3. While the trend remains bullish, the rapid advance may lead to a short-term pullback or consolidation before another breakout.
4. The Ethereum Perpetual Futures Liquidation Heatmap shows dense liquidity clusters, with potential support around $4,200 and deeper clusters at $3,600–$3,650.
5. A break above $4,800 could trigger further upward momentum, while losing $4,200 may lead to a decline toward $3,950 or lower.
Description
Ethereum continues its impressive rally, pushing closer to its all-time high. After breaking through the crucial $4.5K level, the market shows strong potential for a move toward the $4.8K threshold, fueled by technical and on-chain factors. Technical Analysis By ShayanMarkets The Daily Chart ETH has entered a powerful impulsive rally, signaling robust demand and renewed investor optimism. Substantial inflows into ETH ETFs have strengthened this upward move, reinforcing bullish sentiment. The ass...
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