Ethereum price analysis (Bullish) — 4118.80 USDT (+2.75% 24h)

Ethereum continues to show resilience above the $4,100 level, posting a solid 2.75% gain over the past 24 hours. The current price sits comfortably above the 20-day SMA at $4,087, indicating near-term bullish momentum, while trading near the 50-day SMA suggests potential consolidation around these levels. With RSI at 55.06, ETH remains in neutral territory with room for upward movement before reaching overbought conditions. The 24-hour trading volume of $3.65 billion demonstrates healthy market participation, though the 4.86% volatility reading suggests traders should brace for potential swings. For traders, maintaining long positions with stops below $4,050 seems prudent, while aggressive buyers might wait for a pullback toward the $4,080 support level. The key resistance to watch remains the $4,200 psychological level, which if broken could trigger another leg higher toward yearly highs.