Ethereum price analysis (Bullish) — 4470.00 USDT (+1.58% 24h)

Ethereum continues to consolidate around the $4,470 level, showing modest 1.58% gains over the past 24 hours amid healthy trading volume exceeding $2 billion. The current technical picture presents a mixed but cautiously optimistic outlook. ETH is trading marginally above both its 20-day SMA ($4,465) and 50-day SMA ($4,382), indicating underlying bullish momentum remains intact. The RSI reading of 51 suggests the asset is neither overbought nor oversold, providing room for potential upward movement. However, traders should note the elevated volatility reading of 2.68%, which could signal increased price swings in the near term. For position traders, maintaining exposure with tight stops below $4,350 seems prudent, while swing traders might consider accumulating on any dips toward the $4,400 support zone. The key resistance to watch remains the psychological $4,500 level, which if broken convincingly, could trigger the next leg higher toward $4,600.