Ethereum Nears $4,500 After BlackRock Push — Could ETH Break $5,100 in September?
Ethereum’s rally is capturing headlines once again as it edges closer to the $4,500 mark. With institutional momentum—highlighted by BlackRock’s push—ETH is showing the kind of strength that could set up a decisive breakout above $5,000. Market watchers are eyeing September as a potential turning point where Ethereum could not only test resistance but also carve a path toward new highs.
Ethereum on the Rise: Potential Breakthrough Above $5000
Source: tradingview
Ethereum (ETH) currently trades between $4168 and $4710, experiencing a slight dip of almost 9% over the past week. However, its growth over the last six months shows a remarkable gain of over 100%, hinting at strong upward momentum. Analysts point to the nearest resistance level of $5026, suggesting that if ETH can surpass this, it may aim for the next target at $5567. A move to this point would represent an impressive rise from current levels, nearly hitting a 20% increase. While the short-term signals show some slowdown, the broader outlook remains optimistic for Ethereum's continued growth.
Conclusion
Ethereum’s trajectory remains firmly bullish, with strong fundamentals and institutional backing fueling investor confidence. A clean break above $5,026 could pave the way toward $5,567, marking another milestone in ETH’s long-term growth story. As September unfolds, Ethereum looks poised to be one of the market’s most closely watched assets—potentially leading the next wave of crypto momentum.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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