The post ETH Consolidates Above Key Support as Bulls Eye $4,644 Resistance Break appeared on BitcoinEthereumNews.com.

Joerg Hiller
Oct 05, 2025 04:18

Ethereum trades at $4,538 with modest 1.2% daily gains as technical indicators signal potential upside momentum toward major resistance levels ahead.

Market Overview ETH maintains its position above critical technical support levels, trading at $4,538.39 with a modest 1.20% gain over the past 24 hours. The second-largest cryptocurrency by market cap continues to demonstrate resilience above its 20-day moving average, with bulls positioning for a potential test of overhead resistance. Trading volume remains robust at $1.21 billion, indicating sustained institutional and retail interest in current price levels. Technical Picture The technical landscape for Ethereum presents a constructive bullish setup across multiple timeframes. The RSI indicator sits at 58.6, positioned comfortably in neutral territory with room for additional upward momentum before reaching overbought conditions. This reading suggests ETH price action has space to advance without triggering immediate selling pressure from momentum-based algorithms. The MACD histogram shows a bullish reading of 41.8121, confirming that buying momentum continues to outpace selling pressure. This divergence indicates that the recent consolidation phase may be nearing completion, with bulls preparing for the next leg higher. Moving average analysis reveals ETH trading 5.1% above its 20-day SMA at $4,319 and 3.4% above the 50-day SMA at $4,390. Most significantly, the current price sits 49.4% above the 200-day moving average at $3,038, demonstrating the strength of the prevailing uptrend across longer timeframes. Critical Levels to Watch The immediate resistance zone centers around $4,644.47, representing the first major hurdle for bulls attempting to extend gains. A decisive break above this level would likely trigger algorithmic buying and open the path toward the secondary resistance at $4,956.78. On the downside, ETH maintains strong support at $3,815, which has served as a reliable floor during recent pullbacks.…

---

Filed under: News - @ October 5, 2025 4:24 am