Ethereum Rallies Past $4,600 on OKX, Eyes $4,700
On August 13, Ethereum (ETH) briefly surged past both the $4,500 and $4,600 key resistance levels on OKX, peaking at $4,622.31 for a 3.36% gain. The break above $4,600, building on earlier strength above $4,500, signals renewed bullish momentum. Trading volume remained robust, underscoring strong market interest. Traders now eye the next resistance zone at $4,700–$4,800, with key support anchored at $4,600. Short-term traders may look for pullback entry opportunities, while long-term holders will monitor sustained support above $4,600 to confirm trend continuation.
Bullish
This price breakout past both $4,500 and $4,600 demonstrates renewed buying interest, likely fueling further upside. In the short term, the volume-backed surge can attract momentum traders looking for pullback entries above support. Over the longer term, sustained trade above $4,600 could solidify bullish sentiment and prompt additional accumulation, pushing towards resistance at $4,700–$4,800. Historical breakouts at key levels often lead to trend extensions, supporting a bullish outlook for ETH.