🚀 Ethereum Eyes $4,600 – Will It Break Out?
is back in the spotlight, and $4,600 has become its battlefield. Over the past month, this zone has been tested four times, each time hitting resistance from the descending trendline. But this week, ETH reclaimed $4,618 — a small but meaningful victory signaling growing momentum.
📊 Technical Outlook:
Short- to mid-term moving averages (10 EMA – 50 SMA) are supporting price around $4,300–$4,400.
A clean break above $4,600 could open the path to $4,800 → $5,000.
Failure to break may pull ETH back toward $4,000.
💎 Fundamentals Look Strong:
Shrinking exchange reserves & rising staking
Institutional interest heating up
Citi raised ETH forecast; Standard Chartered sees $7,500 by year-end
Dencun upgrade reducing L2 costs; Pectra improving UX
⚡ Trading Insight:
Patience is key. Watch for