Ethereum Soars to Record High as Bulls Crush Resistance—Bitcoin Stumbles in Its Shadow

Ethereum isn't just climbing—it's rewriting the playbook while Bitcoin trips over its own hype.

Bulls Take Control

ETH charges past previous ceilings as momentum traders pile in. No fancy algorithms needed—just pure, relentless buying pressure that leaves skeptics scrambling.

Bitcoin's Slow Retreat

Meanwhile, BTC dips—no dramatic crash, just a gradual slide that has maxis sweating. Call it a 'healthy correction' if you want, but it smells like hesitation.

Market Mechanics at Play

Liquidity shifts from blue-chip to altcoin narratives. Traders chase performance, not promises. Same old story—just faster this time.

And yeah, traditional finance is still 'assessing the opportunity' while retail makes the real moves. Some things never change—like bankers being late to the party.

Ethereum Price Regains Traction

Ethereum price formed a base and extended its increase above the $4,550 level, unlike Bitcoin. ETH price gained momentum for a move above the $4,650 and $4,720 levels.

The bulls even pushed the price to a new all-time high above $4,900. A high was formed at $4,956 and the price recently started a downside correction. There was a MOVE below the 23.6% Fib retracement level of the upward move from the $4,207 swing low to the $4,956 high.

Besides, there was a break below a rising channel with support at $4,750 on the hourly chart of ETH/USD. ethereum price is now trading above $4,550 and the 100-hourly Simple Moving Average.

On the upside, the price could face resistance near the $4,820 level. The next key resistance is near the $4,850 level. The first major resistance is near the $4,920 level. A clear move above the $4,920 resistance might send the price toward the $4,950 resistance.

An upside break above the $4,950 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $5,000 resistance zone or even $5,150 in the near term.

Another Drop In ETH?

If ethereum fails to clear the $4,820 resistance, it could continue to move down. Initial support on the downside is near the $4,680 level. The first major support sits near the $4,580 zone and the 50% Fib retracement level of the upward move from the $4,207 swing low to the $4,956 high.

A clear move below the $4,580 support might push the price toward the $4,550 support. Any more losses might send the price toward the $4,440 support level in the near term. The next key support sits at $4,320.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is losing momentum in the bullish zone.

Hourly RSIThe RSI for ETH/USD is now above the 50 zone.

Major Support Level – $4,580

Major Resistance Level – $4,820