Ethereum’s OBV Breakout to 12.75M Suggests Renewed Buying Momentum Near $4,300

Key Points

1. Ethereum's OBV breakout to 12.75M suggests renewed buying momentum, with ETH price approaching $4,300.

2. RSI above 73 and MACD crossover in early August align with ETH's breakout beyond $3,600, signaling continued upward strength.

3. OBV fluctuated between 9.0M and 10.75M from April to early July, but the recent spike to 12.75M indicates a shift to bullish sentiment.

4. Trading volume has risen during upward moves, with 16.15K ETH recorded recently, typically accompanying breakout phases.

5. Key levels to watch include potential pullbacks to $4,150 or $4,000, with sustained buying pressure possibly targeting $4,500 and $4,800.