Ethereum (ETH) Price Prediction: Key Support at $4,500 Holds the Next Move’s Direction

Ethereum is currently hovering around the $4,500 mark and is attempting to gain momentum on the lower timeframes. As highlighted in the previous analysis, the daily chart shows Ethereum moving in a downtrend, forming lower highs and lower lows. However, momentum has remained bullish over the past ten days after ETH bounced back from the critical $3,900 zone. Since that recovery, the price has maintained an upward move on the lower timeframes and is now trading slightly above the $4,500 support area. How the price reacts to this level in the short term will be crucial. Let’s take a closer look at the latest ETH charts to understand what could happen in the coming days.

Our Ethereum Price Prediction Takeaways

• Ethereum is holding near $4,500, but fading momentum and a bearish divergence hint at a possible short-term correction.
• The daily structure still shows lower highs and lows, keeping the broader downtrend intact for now.
• A bounce from $4,500 and breakout above $4,800 could flip the trend bullish, while a drop below $4,500 may trigger a deeper pullback toward $4,000.

Analyzing the Charts

Daily Trend Under Pressure

Looking at the latest 1-day chart for Ethereum, the overall trend hasn’t shifted yet. The chart still shows a series of lower highs and a lower low, suggesting that bears maintain a slight advantage. However, the price has shown strong momentum after testing the $3,900 support zone and has since moved back above $4,500. The most recent lower high sits just below the $4,800 resistance area, which has continued to cap Ethereum’s upward movement for some time now.

Crucial Test at $4,500

At this stage, Ethereum needs to establish the $4,500 region as a support level and bounce from it with momentum. If that happens and the price moves to retest the $4,800 resistance, it would be a positive signal for ETH. A successful retest could shift the trend on the 1-day timeframe and increase the likelihood of a breakout above $4,800, opening up targets of $5,000 and above once again. However, if Ethereum fails to hold above $4,500, the downtrend will likely remain intact. In that case, the immediate support near $4,250 may not hold, opening the possibility for the price to revisit the $4,000 zone or even move lower. That’s why, for now, our Ethereum price prediction leans slightly bearish. However, how the price reacts to the $4,500 level will provide a clearer indication of the next move.

Momentum Fades on the 4-Hour Chart

Switching to the 4-hour timeframe, the key levels remain largely the same. The chart shows that Ethereum has been moving within a strong uptrend and is currently trying to sustain support around the $4,500 mark. However, momentum appears to be fading. The RSI is showing overbought conditions, and a bearish divergence has formed, suggesting the possibility of a short-term correction. Given these signals, it seems more likely that the price could break below the $4,500 level rather than bounce from it.

Final Takeaway: What is Next for Ethereum?

The latest charts show Ethereum testing the $4,500 support level, a point that will decide the near-term trend. On the daily timeframe, the market still prints lower highs and lower lows, so the downtrend remains intact. Lower timeframes recorded a rebound from $3,900 and delivered short-term upside, but momentum on the 4-hour chart is fading. The RSI sits in overbought territory and a bearish divergence has formed, increasing the odds of a short correction. If $4,500 holds and ETH retests and breaks $4,800, the daily trend would likely flip and open room for further gains. If $4,500 fails, sellers could push price toward $4,250 and then the $4,000 zone. Therefore, the Ethereum price prediction remains slightly bearish until price proves otherwise.