Ethereum price analysis (Bullish) — 4669.08 USDT (+2.37% 24h)

Ethereum continues to show resilience in the $4,600 range despite recent market volatility. The current price of $4,669 represents a modest 2.37% gain over the past 24 hours, though it remains slightly below the 20-day SMA at $4,680. The RSI reading of 42 suggests ETH is approaching oversold territory, potentially indicating a buying opportunity for traders looking for near-term rebounds. Volume remains healthy at over $2 billion, supporting the current price action. The 50-day SMA at $4,595 provides strong support below current levels, while volatility remains elevated at 2.6%. Traders should watch for a decisive break above the 20-day SMA, which could signal renewed bullish momentum toward the $4,800 resistance zone. Consider scaling into positions on dips toward the $4,600 support level with tight stop-losses below $4,550.