Ethereum Holders Keep Price Afloat At $4,500 – Here’s What’s Next For ETH 📈
Ethereum continues to maintain stability, trading near the $4,500 mark amidst market volatility. Strong investor accumulation helps in preventing sharp declines, bolstering optimism for potential recovery.
Recent data show net exchange outflows exceeding 420,000 ETH, valued at about $1.87 billion—an indication of reduced selling intent. This trend supports the notion of holding ETH.
Technically, Ethereum's RSI remains in bullish territory, suggesting upward momentum. The altcoin trades at $4,468, just shy of a key resistance level. If supportive market sentiment persists, Ethereum could reclaim $4,500 as support and test $4,775.
Potential bearish pressures could challenge this outlook, with a possible fall to $4,307 if bearish trends overpower current support. This could temporarily invalidate the bullish perspective.
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