Ethereum broke out above $4,500 and is now retesting the breakout zone while holding above both EMAs ($4,288–4,402). The move has built on strength from the Fib cluster, where ETH defended the 0.5 retrace at $4,369 and the golden pocket at $4,295.
Upside:
As long as ETH holds $4,500, the next liquidity target sits at $4,857.
Downside:
Losing $4,500 re-opens the Fib cluster ($4,369–4,189), with $4,189 as the last major support.
Stoch RSI is overbought, hinting at short-term cooling, but structure favors continuation while ETH trades above $4,500.
📊 Key focus: Can ETH turn $4,500 into support for continuation toward $4,857, or does it retest deeper into the Fib base first?
Upside:
As long as ETH holds $4,500, the next liquidity target sits at $4,857.
Downside:
Losing $4,500 re-opens the Fib cluster ($4,369–4,189), with $4,189 as the last major support.
Stoch RSI is overbought, hinting at short-term cooling, but structure favors continuation while ETH trades above $4,500.
📊 Key focus: Can ETH turn $4,500 into support for continuation toward $4,857, or does it retest deeper into the Fib base first?
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Search by indicators like Supertrend, Ichimoku, macd.
Join our discord discord.gg/2systG9frc
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.