ETHUSDT is currently priced at $4,531, positioned just above the $4,500 resistance. The broader indicators, suggest a favorable environment for a breakout. On-chain data highlights a key trend supporting Ethereum’s macro outlook. Exchange balances have dropped to a nine-year low of 14.88 million
ETHUSDT, signaling that investors are moving their holdings into long-term storage. If
ETHUSDT manages to reclaim $4,500 as support, the uptrend could accelerate. This move would help the cryptocurrency push through the next resistance at $4,749, paving the way for a test of the $5,000 mark.However, risks remain if investor sentiment shifts suddenly. Should holders decide to secure profits,
ETHUSDT could slide toward $4,200 or even $4,000. Such a decline would weaken the bullish thesis, opening the door to consolidation instead of continuation of the current uptrend.
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Truly Unbiased Cryptocurrency News beincrypto.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.