Overview

• ETH pushed through the $4,400 threshold after clearing recent hurdles near $4,250 and $4,320, with a confirmed break above a contracting triangle and price holding over key moving averages.
• Momentum indicators strengthened, as the MACD shifted deeper into positive territory and the RSI hovered around overbought levels, signaling strong trend energy with scope for near-term consolidation.
• Short-term flow data showed about $80.79 million in net inflows to spot Ethereum ETFs over three days, reported whale accumulation, and a jump in trading activity, including higher spot and futures volumes and rising open interest.
• Key levels now include support around $4,400–$4,396 and then $4,350–$4,360, with resistance seen near $4,450–$4,500 and technicians eyeing potential extensions toward $4,550–$4,650 if the breakout holds.
• On-chain trackers highlighted declining exchange reserves and a negative exchange flux balance that suggest a tightening tradable supply backdrop, with ETH showing roughly 9% weekly gains after reclaiming $4,250.