Analysis: "ETFs could rise to $5,000 if they reach $4,500."

Cointelegraph cited multiple analysts as saying that if Ethereum (ETH) stabilizes above $4,500 based on today's daily closing price, it could rise to the $4,800-$5,000 range. The outlet explained, "This ETH rebound appears to have been driven by a bullish divergence in the 4-hour Relative Strength Index (RSI) and a breakout of a two-week descending wedge pattern. ETH futures market activity is limited. While ETH futures open interest (OI) remains largely unchanged, spot trading volume has increased significantly. This suggests that this rally was driven by spot demand, not leverage. $4,500 is a key support level for ETH's short-term trend. If it fails to hold, a drop below $4,100 cannot be ruled out."