Ethereum stays much above USD 4,400 after a recent reach of USD 4,792, just from the highest level 2021. The second largest cryptocurrency in the world brought for weeks of huge profits, driven by sturdy institutional interest, reduction of supply on stock exchanges and growing demand as part of decentralized finances. Bulls remain under control because the rush pushes ETH closer to the record territory.
However, the risk also arises because the market enters a novel phase of variability. After such a keen rally, the rotation of profits and speculative rotation can cause a stronger withdrawal. Key data emphasize the intensity of current activity: the volume in the Ethereum chain has increased to $ 12.93 billion, increased fluctuations of signaling transactions and the renovated participation of investors.
Historically, the spikes in the chain coincided with critical turning points, or by fueling further breaks, or marking the beginning of consolidation. The upcoming days will be of key importance for determining whether Ethereum is expanding its stubborn trajectory or will enter the cooling phase.
Ethereum is heading towards levels 2021 among market uncertainty
Since ETH trads above USD 4,400 after setting a local level at USD 4,792, market participants carefully observe how the asset component is approaching the former peak. The question is now whether Ethereum reflects its explosives of the past or will stop for consolidation before they make a lasting breakthrough.
Data on the chain strengthen the stubborn narrative. Ethereum is in the chain volume It increased to almost 12.9 billion dollars, which brought him to the top of $ 16 billion registered in 2021. This growing transaction activity emphasizes both the renovated market share and strengthening grounds. Historically, such jumps in the chain were accompanied by grave phases upwards, reflecting not only speculation, but also deeper network usability.
A wider market context increases the importance of discussion. It seems that Bitcoin enters the last movement of the bullfare phase, usually the period that determines whether the capital begins to rotate strongly in altcoins. Many analysts believe that this can mean the beginning of Altsason, and Ethereum leads a charge.
At the same time, the supply dynamics remains very beneficial. The exchange balance is shrinking while OTC reserves drying, signaling institutional accumulation. This tightening image of supply can strengthen any stubborn breakthrough.
Analysis every week: key levels for storage
The weekly chart Ethereum emphasizes the decisive stubborn breakthrough, and ETH trades in the amount of USD 4,425 after reaching the $ 4,792, just below its highest level from 2021. This rally is one of the strongest weekly movements for years, driven by a consistent purchase of shoot and exacerbation of exacerbation.
The price campaign shows that ETH broke above long-term average movable, with a 50-week SMA to 2,771 USD, 100-week SMA each $ 2,761, and 200-week SMA $ 2,442 USD currently well below current levels. This positioning confirms the sturdy growth structure, suggesting that ETH has definitely passed into the territory stubborn after the prolonged phase of consolidation.
The current resistance remains the psychological zone of USD 4,800-5000, which is in line with the highest all -time 2021. Holding over this level would open the path towards an unexplored territory, and analysts indicate possible targets from 5500 to 6000 USD, if the shoot is continued.
However, the risk remains when ETH is approaching these levels. Weekly candles show keen extensions up, increasing the potential of tiny -term withdrawal. Still, as long as ETH is over 4200–4300 USD support, the construction remains stubborn.
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