Ethereum Eyes $4.5K Despite Short-Term Pullback—Here’s Why Bulls Aren’t Sweating

Ethereum's rally hits a speed bump—but don't mistake a cooldown for a collapse. Traders are already eyeing the next leg up.

Key Levels to Watch

ETH's path to $4.5K remains intact despite recent volatility. The pullback? Just profit-taking from weak hands who panic-sold their bags to hedge fund algos (again).

Why the Dip Won't Last

Network upgrades and institutional inflows keep the bull case bulletproof. Short-term traders get wrecked; long-term hodlers get rich. Some things never change.

The Bottom Line

Unless Bitcoin decides to impersonate a sinking ship, Ethereum's fundamentals scream buy-the-dip. Just maybe wait until Wall Street's lunch break ends—they tend to overreact.

The Daily Chart

After sweeping liquidity beneath the $3.5K region, ETH attracted strong buying interest, igniting a sharp rally. The upward MOVE propelled the price above the $4K threshold, a level which is significant both psychologically and as a previous swing high on the daily chart.

This breakout underscores sustained market demand, but with price now trading firmly above $4K, a short-term pullback to retest this area remains a possibility. Such a retracement could serve as a healthy reset before continuation toward the next key resistance at $4.5K.

The 4-Hour Chart

Zooming in, ETH’s price has cut through multiple resistance levels with strong bullish conviction, reflecting increased buying momentum.

However, the current position suggests the market may be ready for a corrective phase to absorb fresh demand before resuming its climb.

The 0.5–0.618 Fibonacci retracement zone, aligned with Ethereum’s established multi-month uptrend, represents a probable support area if a pullback unfolds. Holding this region WOULD strengthen the case for another leg higher, potentially driving the price into uncharted territory toward a new all-time high.

By Shayan

The ETH Liquidation Heatmap suggests a relatively clear path toward Ethereum’s all-time high, with no major liquidity clusters obstructing the advance.

However, a significant pocket of liquidity is positioned near the $3.6K level, likely reflecting the liquidation points of long positions accumulated during the recent rally. This area marks a dense concentration of Leveraged futures exposure, making it an attractive target for market makers and large players seeking to trigger liquidity events.

Given this setup, a retracement toward the $3.6K zone remains a plausible scenario, potentially flushing out these positions before the market resumes its upward push. Traders should monitor this level closely, as liquidity hunts in such areas often result in sharp, fast price movements and heightened volatility once the zone is engaged.