Ethereum Price Watch: Will $4,300 Resistance Cap the Next Leg Up?

Key Points

1. Ethereum's price stands at $4,250, with a market cap of $510.70 billion and 24-hour trading volume of $32.21 billion, fluctuating between $4,172.29 and $4,315.64.

2. The daily chart shows a bullish rally from $2,500 to $4,336, but short-term exhaustion is suggested, with key support between $4,000 and $4,336.

3. The four-hour chart indicates consolidation after a climb from $3,545 to $4,336, with potential for a pullback toward $4,050–$4,100.

4. Technical indicators are mixed: RSI at 71.8 signals overbought, while MACD and momentum indicators suggest buy conditions.

5. Ethereum futures markets show record open interest of $58.57 billion, with 67.71% call positions, indicating bullish expectations, but $328.71 million in liquidations in the past 24 hours suggests volatility.