Ethereum Holds Above $4,575 as Resistance Builds: Can it Break $4,600 For A Move Beyond $5,000?

Ethereum consolidates near $4,575 with support above $4,500

Ethereum started the last session at a base over $4,420 and it commenced a recovery wave. This enabled ETH to receive above the $4,500 and $4,520 levels. Price was kept at a steady flow in this range which indicated a stable footing after previous instability.

Ethereum was at a price of $4,575 as the session progressed and it stood solid above its areas of support. The wider trend toward recovery was shown in market capitalization since the volume was aided in the increase. Traders noticed that there was more interest at higher prices of around $4,535 and $4,550 and this proved that the demand remained strong.

Source TradingView

Towards the end of the day, Ethereum demonstrated strength where buyers used the support of the $4,535 zone. This was the level which served as a pivot point, and stability was assured before resistance was tested. According to the market analysts, extended trading above the levels of $4,550 may encourage the bullish beliefs in the short run.

Ethereum presses against $4,600 with multiple resistance zones ahead

Ethereum is forcefully approaching the $4,600 price ceiling that has limited its movement in the past few sessions. It reached a high of $4,618 and is yet to clear $4,640. This resistance zone is essential as far as direction in the short term is concerned.

The following important resistance is at $4,685 and then $4,765 above $4,640. Analysts are reported to have observed that a strong move out of the level above $4,765 would spread profits up to $4,840. In addition to this, traders observed the next upside target of the trading to be the $4,880-$4,920 zone.

Inability to outperform $4,640 can lead to short-term retreats. Support has been kept at the first line of protection at $4,580, and higher level of protection has been maintained at $4,535. A decisive downward price below $4,535 may push Ethereum to the $4,465 or possibly revisit the $4,420 mark.

Technical structure shows narrow trading band between $4,434 and $4,646

Recently, Ethereum was trading in a narrow range of $4,434 -$4,646. This merger represents a trade equilibrium between buyers and sellers. The narrow band means that traders are awaiting the clear breakout of prices before they can take new positions.

The participants in the market said that such periods of consolidation tend to be followed by more directional moves. The fact that Ethereum has been able to maintain higher lows in this range depicts that there are still buyers who are active, even though buyers are still hindered by resistance that does not allow me to move upwards.

Source CoinGlass

The volume was active and stable which indicated that the liquidity is steady during the periods of consolidation. In case of an increase in the buying activity, a breakout above $4,600 may set a new direction to the increasing resistance levels.

Ethereum eyes $5,000 target if breakout above $4,600 is confirmed

There is steady recovery in Ethereum, and analysts are expanding their expectation towards the end of 2025. The existing trend indicates that it may push above the mark of $5,000. Others go further to project to $7,500-$10,000 in case more of the market sentiment is improved.

Future upgrades of the Ethereum network are also being monitored by the community members and investors. Most people expect such upgrades to enable scalability and enhance more usage, boosting price momentum. Positive fundamentals have been associated by analysts with the recent technical strength.

The near-term test is however still at $4,600. A breakout that lasts beyond this point would be a bullish continuation, which a failure would result in Ethereum returning to support at the levels of $4,420 or even lower, at $4,350. The following meetings will determine whether ETH will continue gaining heights or be back into a corrective phase.