Technical analysis by John_Isige about Symbol ETH on 20 hour ago

Pair: ETH/USD Current Price: 4,440–4,605 Trend: Consolidation within long-term uptrend ⸻ 🔵 Market Overview Ethereum briefly hit a new ATH at $4,958 before correcting to the 20-day EMA near $4,400. From there, ETH rebounded to resistance at $4,605, but buyers failed to secure a close above this level. •Spot ETH ETF inflows remain strong, supporting institutional demand. •ETH continues to outperform BTC in 2025, partly due to rising adoption of real-world assets (RWA). •Open interest on CME and exchanges remains elevated, confirming speculative activity. As long as ETH trades above the green uptrend line at $4,440, focus stays on reclaiming $4,605 and retesting last week’s highs. ⸻ 📊 Bullish Targets •$4,605 (key resistance) •$4,782–$4,865 (major breakout zone) •$5,135 (138% Fib projection) •$5,444 •$5,769–$5,948 (maximum bullish target) 📉 Bearish Targets •$4,388–$4,349 (38% Fib retracement) •$4,229 •$4,074 •$4,023–$3,945 (blue support zone) •$3,875–$3,849 •$3,723 •$3,549–$3,500 (max bearish target) ⸻ 🔎 Indicators •RSI (daily): Above neutral, technical buy intact, but momentum capped without reclaiming 60. •MACD: Weakening, still in positive territory. •Trendline: Long-term uptrend intact above $4,440. ⸻ 📈 Trading Scenarios Scenario (Bullish Continuation) •Recommendation: BUY STOP •Entry Point: 4,610 •Take Profit: 4,865, 5,135, 5,444 •Stop Loss: 4,440 Alternative (Bearish Breakdown) •Recommendation: SELL STOP •Entry Point: 4,349 •Take Profit: 4,229, 4,074, 3,945 •Stop Loss: 4,470