Ethereum Price analysis: ETH can cool down, but $ 4.5k is still in sight

Ethereum has maintained its bullish momentum, decisively broken by the most important resistance zones and won the psychological $ 4K level.

Although some cooling is likely, the wider trend is still in favor of further.

By Shayan

The daily graph

After a major liquidity under the $ 3.5k region, ETH attracted a strong purchase interest and there was no sharp rally. The upward movement pushed the price above the $ 4K threshold, a level that is considerable both psychologically and a previous swing high on the daily graph.

This breakout underlines the ongoing market demand, but with price that now acts firmly above $ 4K, a deductible withdrawal to re -test this area remains a possibility. Such a retracement could serve as a healthy reset before the continuation of the following key resistance to $ 4.5k.

The 4-hour graph

Zooming in, the price of ETH has reduced several resistance levels with a strong bullish conviction, which reflects a larger buying momentum.

However, the current position suggests that the market can be ready for a corrective phase to absorb a new demand before resuming his climb.

The 0.5-0.618 Fibonacci retracement zone, aligned with the established multi-month trend of Ethereum, represents a probably support area if a withdrawal unfolds. Maintaining this region would strengthen the case for a different leg, so that the price may drive to unknown territory to a new of all time.

By Shayan

The ETH Liquidation Heatmap suggests a relatively clear path to the all time of Ethereum, without major liquidity clusters that hinder the in the rise.

However, a significant bag of liquidity is placed near the level of $ 3.6K, probably as a result of the liquidation points of long positions collected during the recent rally. This area marks a dense concentration of exposure to lever Futures, making it an attractive target for market makers and large players who want to activate liquidity events.

In view of this set -up, a retracement remains in the direction of the $ 3.6k zone a plausible scenario, so that these positions may be washed away before the market resumes its upward push. Traders must follow this level closely, because the liquidity in such areas often results in competitive, fast price movements and increased volatility once the zone is switched on.