The $Ethereum price action since July has been remarkable. From the $3,200 zone, ETH steadily climbed, breaking past $3,530 and converting it into strong support. Once that barrier was cleared, ETH accelerated toward the $4,700 region, showing a clear shift in trend strength.
ETH/USD 4-hours chart - TradingView
The 200-day SMA ($3,853) remains far below spot levels, highlighting that the broader ETH structure is bullish and well-supported by long-term momentum.
At the time of writing, the Ethereum price sits near $4,533, slightly above the 50 SMA ($4,442). This moving average has now become an important short-term floor, keeping $ETH stable after its sharp rally. The RSI at 59 confirms a balanced market recovering — not overbought yet, but still favoring buyers. This indicates that ETH is building a base rather than losing steam.
ETH/USD 1-hour chart - TradingView
Ethereum price is respecting clear technical levels:
If ETH holds above $4,440, buyers are likely to retest $5,000 soon. Breaking that milestone could trigger a rally into the $5,300–$5,500 range.
However, if Ethereum loses $4,440, a pullback into $4,000–3,850 is probable. Such a correction would not break the bullish trend but would reset momentum for another leg higher.
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