Ethereum Is Breaking Out—Here’s What’s Next for $ETH
The post Ethereum Is Breaking Out—Here’s What’s Next for $ETH appeared on BitcoinEthereumNews.com.
Key Points Ethereum breaks key resistance at $4,500, signaling bullish momentum and potential for further gains. On-chain data shows record fund holdings and increasing institutional interest in ETH. Technical support remains strong, with limited downside and consolidation expected before next leg up. Ethereum has pushed above the $4,500 level after several failed attempts, signaling a strong shift in short-term momentum. The breakout came with rising volume, suggesting growing confidence among traders and increased participation in the rally. Ethereum Price Projections | Source : X Analyst projections now show potential upside toward $4,580 and $4,620, with possible extension to the $4,725–$4,750 zone. However, short-term consolidation near $4,525 indicates that ETH may pause before further gains develop. Technical Outlook Shows Strong Trend Formation Current price action reflects a bullish structure on the 4-hour chart, with ETH trading around $4,513 after touching $4,563 earlier. Resistance has flipped into support, increasing the probability of sustained upward movement if the range holds. Source : X Analyst Michaël van de Poppe notes that Ethereum is likely to range until the 20-Week MA at $3,941 moves higher. He sees limited downside risk, with key liquidity levels resting near $4,107 and $3,941, suggesting corrections could remain shallow. On-Chain Data Supports Long-Term Strength Ethereum fundamentals remain solid as institutional demand and long-term accumulation continue to rise, according to data from CryptoQuant. Fund holdings reached an all-time high of 6.7 million ETH, while overall holder balances rose to 20.6 million ETH. Ethereum Fund Holdings | Source : CryptoQuant This growth highlights Ethereum’s transition into a yield-bearing asset with strong staking incentives and increasing ETF participation. These structural drivers reinforce long-term value and reduce dependency on speculative flows. Moreover, Ethereum has delivered a 7-day gain of 4.99% and a 90-day return of nearly 75%, confirming consistent strength. Year-to-date, ETH is up…
