Analysis: Ethereum is short-term and may hit $5,000 if it breaks through the $4,600 resistance level
Source: golden
Time: 2025-08-31 22:35:28
According to Golden Finance, crypto analyst Ali said that if Ethereum closes above $4,500 in the 4-hour closing price, it will mark a breakthrough in the recent high downward trend 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.