Ethereum Price Tops $4,700 on OKX, Signals Bullish Momentum
Ethereum price briefly rose above $4,300 on September 7 on OKX, marking a 0.7% intraday gain as bullish sentiment re-emerged. Trading volume held steady as the token tested key resistance around $4,300 and established initial support near $4,250.
Building on this momentum, Ethereum price surged above $4,700 on September 13, peaking at $4,716.73 with a 3.85% intraday gain. This rally saw Ethereum reclaim a major resistance level, reinforcing trader confidence and feeding into broader crypto market optimism.
These moves on OKX suggest short-term bullish momentum for ETH, prompting traders to adjust strategies around support at $4,300 and watch for volume shifts to gauge the next leg in the rally.
Bullish
This news is bullish for Ethereum as it demonstrates sustained buyer interest and price strength across multiple key resistance levels. The initial break above $4,300 and subsequent surge past $4,700 on OKX reflect growing trader confidence and healthy trading volumes. In the short term, these gains may encourage momentum-driven strategies, pushing ETH toward higher resistance near $4,800. For the long term, maintaining support around $4,300 will be crucial; if this level holds, Ethereum could see continued upside, though traders should monitor volume trends and market sentiment to manage risk.