Overview

• ETH’s breakout keeps price action above $4,400, with RSI near 72 and a concentrated UTXO resistance cluster flagged at roughly $4,505.
• Analysts say a clean move through $4,505 could open a run toward about $4,650, while a slip under $4,400 risks a retest of $4,350–$4,360.
• Additional near-term supports are cited around $4,250–$4,200, with a deeper backstop near $4,050 if selling accelerates.
• Spot ETH ETFs logged approximately $80.8 million in net inflows over three days as spot volume reached about $7.17 billion, futures volume about $97.3 billion, and open interest near $59 billion, underscoring both participation and liquidation risk.
• Longer-term tailwinds include ETH 2.0 progress, growing Layer 2 adoption, and staking yields of roughly 3–6%, while sponsored coverage of the MoonBull presale highlights renewed retail risk appetite.