Ethereum's Surge: Analysts Predict New Highs Amid Market Momentum

Ethereum is facing resistance near the $4k mark, but analysis suggests a potential path to $4.5k, contingent on maintaining the $3,560 demand zone. While buying pressure is rising, indicated by a declining exchange reserve and a positive Coinbase premium, bearish signals like a high RSI and a red taker buy/sell ratio suggest possible short-term corrections. The MA Cross indicator remains bullish, but historical patterns in the NUPL metric could lead to price corrections.