Ethereum Price Breaks $4,550 as Bulls Target $4,720
Ethereum price has extended its recovery from lows near $4,220 and cleared the 100-hour SMA and key bearish trendline at $4,330. After retesting $4,415, bulls broke above $4,550 and pushed ETH past the 50% Fib retracement of the $4,765–$4,416 drop. Technical indicators are bullish: hourly MACD has turned positive and RSI remains above 50. Immediate resistance levels stand at $4,635 (61.8% Fib), $4,680 and $4,720. A decisive break above $4,720 could open the path to $4,750 and the $4,850–$4,880 zone. On the downside, support levels cluster at $4,580, $4,535 and $4,500, with major support near $4,350 and lower floors at $4,335, $4,280 and $4,240.
Bullish
The combined analysis shows Ethereum price clearing multiple resistance levels and holding above the 100-hour SMA, with bullish MACD and RSI signals reinforcing upside momentum. Short-term traders may see a clear path to $4,720 and beyond, targeting $4,750 and the $4,850–$4,880 zone. Key support levels around $4,580–$4,500 and the $4,350 floor mitigate downside risk, making the outlook bullish in both near-term and medium-term contexts. Continued strength above $4,680 will confirm broader market confidence, while a failure to clear this barrier could trigger a pullback toward $4,420.