Ethereum price analysis (Bullish) — 4546.38 USDT (+0.80% 24h)

ETH is showing strength, trading above both the 20 and 50-day SMAs with a solid 24-hour gain of 0.8%. The RSI at 63 indicates healthy momentum without being overbought, suggesting room for further upside. Volume is robust at over $1.5B, supporting the current price action. Volatility remains moderate at around 2%, typical for ETH in this range. Key resistance sits near $4600; a break above could target $4700. Support is firm at the SMA20 level of $4498. Given the positive momentum and technical alignment, traders might consider long positions with stops below $4480. Keep an eye on broader market sentiment and Bitcoin’s movement, as correlation remains high. ETH appears poised for a test of higher levels if bulls maintain control.