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 * Ethereum is trading at $4,500, holding support in the $4,400 range, with bullish momentum gaining momentum towards a retest of its all-time high of $4,956. * Nearly 97% of ETH holders are in the black, but selling pressure is limited and a bullish MACD crossover points to continued gains. * A break above $4,775 could push ETH above $5,000, while a loss of $4,400 risks a pullback to $4,222 and short-term weakness.  Ethereum (ETH) continues its strong upward momentum, climbing above $4,500 in recent sessions and approaching new all-time highs. The second-largest cryptocurrency by market capitalization is showing signs of renewed investor optimism. However, a breakout above $5,000 will depend on maintaining key technical and psychological levels. Ethereum holders may not sell Currently, approximately 97% of Ethereum addresses are profitable. Historically, when this percentage crosses the 95% mark, it signals a potential market top as investors begin to realize gains. In past cycles, this level has often preceded short-term reversals as traders took action to secure profits. However, Ethereum’s resilience amid these signals suggests a shift in investor behavior. Despite briefly entering the “profit saturation zone,” ETH managed to maintain its upward trend, which was supported by strong bullishness across the market. This suggests that while many holders are profiting, selling pressure may be limited, allowing the cryptocurrency to maintain its momentum in the short term.  Ethereum Supply Profit The macro outlook for Ethereum remains positive. The Moving Average Convergence Divergence (MACD) indicator recently showed a bullish crossover, indicating increasing upward momentum. This shift marks the transition from consolidation to a potential breakout phase and is typically associated with a long-term rise in price. Additionally, the indicator’s histogram continues to expand aggressively, reinforcing the idea that bullish momentum is building. If this trajectory continues, Ethereum may see a fresh round of inflows from traders and institutional investors, further fueling its climb higher. Maintaining momentum above $4,400 is critical to ensuring confidence across the market.  Ethereum MACD ETH price needs to rebound Ethereum price is trading at $4,500, testing the $4,400 level as new support. This level must be maintained for ETH to advance towards the next key resistance level at $4,775. A successful breakout here could set the stage for another leg higher. Given the strengthening technical setup and bullish indicators, Ethereum is likely to rise above $4,775 to retest its all-time high of $4,956. Sustaining this move could open the door to a breakout above $5,000, marking a historic milestone for the altcoin king.  However, Ethereum’s price could lose its footing if investors start taking profits after the latest surge. A break below $4,400 could trigger a correction towards $4,222, invalidating the bullish outlook in the short term. Thank you for your attention and learn more about encryption! ! ! Recommended reading: What are the target prices of Bitcoin in 2025 among asset management giants? Bitcoin ETF launches 'Uptober' with $3.2 billion, second-best week on record Bitcoin set to get squeezed, record $88 billion in open interest sparks worries Ethereum’s next big move? Analysts believe a break above $5,200 would result in the fastest rebound in history ETH surges to $4,500, data predicts 100% rise next Bitcoin breaks through $120,000, on-chain data points to new BTC accumulation phase |
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