Ethereum price analysis (Bullish) — 4174.67 USDT (+8.91% 24h)

Ethereum continues to demonstrate impressive momentum, surging 8.9% over the past 24 hours to trade above $4,170. The breakout above the critical $4,100 level signals strong bullish conviction, with current price action comfortably positioned above both the 20-day SMA ($4,097) and 50-day SMA ($3,915), indicating sustained upward trajectory. Trading volume exceeding $3.2 billion confirms institutional and retail participation in this move. The RSI reading of 59 suggests ETH remains in healthy territory with room for further upside before reaching overbought conditions. However, traders should note the elevated volatility reading of 4.6%, which could trigger sharp pullbacks. For position traders, holding above $4,050 maintains the bullish structure, while swing traders might consider taking partial profits near the $4,200 resistance zone. The current setup favors buying dips toward the $4,100 support level for continued upward movement toward $4,300.