Ethereum Price Surges, Eyes $4,750 Resistance Level
- Ethereum price increased steadily above $4,650 and is now consolidating.
- ETH is trading above $4,550 and the key support level on the hourly chart.
- The next major resistance levels are at $4,720 and $4,750.
- A break above $4,780 could push ETH toward the $4,840 resistance zone.
- If ETH fails to clear the resistance levels, it may decline towards the $4,500 support area.
Ethereum’s price has shown a strong upward trend after stabilizing above the $4,500 mark. The cryptocurrency is currently facing key resistance levels that could determine its short-term trajectory.
If Ethereum successfully breaks through the major resistance at $4,750 and subsequently surpasses $4,780, it may see further gains towards higher resistance zones like $4,840 or even beyond in upcoming sessions. (Source)
