The price of Ethereum has surged by nearly 85% since the beginning of the year and shows no signs of slowing down. Bullish sentiment remains strong in the ETH market, with the Relative Strength Index (RSI) pointing upwards, indicating increasing momentum along with a strengthening primary trend, as evidenced by the volume indicator. With momentum favouring buyers, Ethereum’s price could continue its upward trajectory beyond the $4,500 mark, aiming to reclaim its previous peak of $4,868, last seen on November 10, 2021. Such a move would represent a significant 20% climb from current levels.
At the time of writing, ETH was trading at $4,054.
ETH after taking multiple support at the key level of $2,150 resumed its up move. The asset did face a minor resistance at $3,000 however, the bulls successfully broke the resistance and the prices surged up to $4,093.2. ETH may face a strong resistance at $4,150 and we may expect some consolidation or profit booking at these levels. If it breaks, closes and sustains above $4,150 then the prices may further rally up to $4,500. The asset has a strong support at $3,500.
Key Levels:
| Support 2 | Support 1 | Asset | Resistance 1 | Resistance 2 |
| $3,500 | $3,750 | ETH | $4,150 | $4,500 |
