Ethereum Tests Major Resistance

🔷Ethereum (ETH) continues its steady uptrend, breaking above $4,650 and holding firm above the 100-hour moving average. After reaching a local high of $4,759, the price has entered a consolidation phase, forming a bullish trendline with support near $4,550. Technical indicators reinforce the bullish momentum — the MACD strengthens its buy signal, while the RSI remains comfortably above 50.

🔷Market participants are closely watching the $4,750 resistance zone. A breakout above this level could pave the way to $4,840 and potentially $4,920, confirming the continuation of the uptrend. Conversely, if a pullback occurs, key support levels at $4,550 and $4,500 will be crucial for sustaining the bullish structure.