TL;DR
Ethereum rebounds from $4,500 support, with one analyst mapping four scenarios, including a possible run to $5,000.
U.S. spot Ethereum ETFs record $3.71B inflows in eight days, led by $519.7M into BlackRock’s fund.
Exchange reserves drop to 18.5M ETH, the lowest in three years, pointing to a tighter available market supply.
Price Action and Key Levels
Ethereum (ETH) is trading near $4,650 after a recent recovery from the $4,500 support area. The move comes with a 2% decline in the past 24 hours but a 19% gain over the past week. Trading volume in the last 24 hours stands at $68.25 billion.
Analyst Lennaert Snyder notes four possible price paths. The immediate resistance sits around $4,780, which he calls the range high.
Notably, a breakout above this level could open the way toward the $5,000 target shown in his chart. The immediate support is $4,490, and a deeper pullback could test a lower zone between $4,320 and $4,380.
$ETH bounced from $4,490 support as charted yester
We współpracy z: https://cryptopotato.com/4-possible-paths-for-eths-next-move-according-to-analyst/
