Analyst: Ethereum is short-term and if it breaks through the USD 4,600 resistance level, it may be expected to hit USD 5,000
Source: ChainCatcher
Time: 2025-08-31 22:01:17
According to ChainCatcher, crypto analyst @ali_charts said that if Ethereum's 4-hour closing price reaches $4,500, it will mark a breakthrough in the recent high downtrend line and suggest that bull momentum may be rebounding. The next key resistance is at $4,600, and if Ethereum can decisively break through that level, it may open a channel for a return to $5,000. However, Ethereum is still trading in the middle of the channel, following the downward trend line. The SuperTrend indicator is still on the sell signal. Unless Ethereum can re-stop $4,500 and convert it into support, it will remain short in the short term.