Crypto analyst Ali said that a 4-hour close of $4,500 for Ethereum would mark a breakout of the recent high downtrend line, and hinted that bullish momentum could be picking up. The next key resistance level is at $4,600, and if Ethereum can break through that level decisively, it could open the way for a return to $5,000.
However, currently Ethereum is still trading in the middle of the channel, following a downtrend line. The SuperTrend indicator is still at a sell signal. Unless Ethereum can regain its footing at $4,500 and convert it into support, it will remain bearish in the short term.
Analysis: Ethereum is short-term bearish, and if it breaks through the $4,600 resistance level, it is expected to hit $5,000
2025-08-31 14:35:46
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