Hello everyone, Ethereum continues its impressive recovery, climbing from the $4,500 support area to trade near $4,677. The market structure remains bullish as institutional inflows strengthen and investor sentiment turns optimistic again.
On the 4-hour chart, ETH/USD maintains a steady upward pattern. The $4,500 zone acts as a solid foundation where buyers consistently defend. Immediate resistance sits around $4,730 — once cleared, Ethereum could extend toward $4,800 and possibly $5,000. The previous Fair Value Gaps have already been filled, showing a strong accumulation base before any new breakout.
From a fundamental view, inflows from institutional investors and the momentum surrounding Ethereum staking ETFs like Grayscale’s continue to boost demand. The on-chain activity in DeFi and Layer 2 ecosystems further supports the case for continued strength in ETH.
Overall, as long as the price holds above $4,500, the bullish bias remains intact with a clear path toward $4,800. Only a break below $4,500 could trigger a short-term pullback toward $4,420 before recovery resumes.
So, what do you think — will ETH hit $4,800 this week?
