🔷Ethereum is trading around $4,505, holding between support at $4,200 and resistance at $4,600. The chart shows price compression beneath a descending trendline, while the 20-day EMA ($4,327) and the $4,600 level form a range that could soon trigger heightened volatility. The RSI at 57 reflects market indecision as traders wait for a breakout direction.
🔷Whale liquidity clusters are concentrated between $4,000–$4,200 and $4,600–$4,700, suggesting a balanced setup. Modest exchange outflows of $47.5 million indicate cautious accumulation. A breakout above $4,600 could open the way toward $4,800, while a drop below $4,200 might send ETH back to $4,000.