Ethereum price has rebounded to $4,604 with a 2.3% 24-hour gain and roughly 15% weekly rise. Traders are watching a decisive resistance zone at $4,650–$4,700; a clean breakout could push ETH toward $4,900–$5,000, while a rejection may retest support near $4,200. Key resistance: $4,650–$4,700 — tested four times Market cap ≈ $556 billion; 24h volume > $35 billion. Liquidations: $53M wiped out in 24h; shorts ~$37M, signaling easing bearish pressure. Ethereum price rebounds to $4,604; traders eye breakout above $4,650. Read concise analysis of resistance, liquidity data, staking trends, and likely targets. What is driving Ethereum’s rebound to $4,600? Ethereum price climbed back to $4,604 after a 2.3% 24-hour gain, supported by rising on-chain staking and falling bearish leverage. Liquidity data showing $53 million in recent liquidations and higher lows since mid-September indicate strengthening buyer conviction. How likely is a breakout above $4,650? ETH has tested the same descending trendline four times without a clean close above it, creating a critical resistance at $4,650–$4,700. If ETH closes decisively above this zone with elevated volume, momentum typically accelerates toward the $4,900–$5,000 range. Conversely, failure to hold above the channel could prompt a pullback to support near $4,200. Current RSI near 60 suggests healthy momentum without overextension, so watch volume and trendline confirmations closely. { "@context": "https://schema.org", "@type": "NewsArticle", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://en.coinotag.com/ethereum-reclaims-4600-traders-eye-breakout" }, "headline": "Ethereum Reclaims $4,600 as Traders Eye Breakout After Multiple Rejections", "datePublished": "2025-10-05T11:17:00Z", "dateModified": "2025-10-05T11:17:00Z", "author": { "@type": "Organization", "name": "COINOTAG" }, "creator": { "@type": "Person", "name": "Alexander Stefanov", "jobTitle": "Reporter" }, "publisher": { "@type": "Organization", "name": "COINOTAG" }, "description": "Ethereum climbs to $4,604 with growing momentum. Traders monitor a key resistance at $4,650–$4,700; a breakout could target $4,900–$5,000 while failure risks a retest of $4,200."} When did the recent price move and liquidations occur? Over the past 24 hours ETH rose 2.3% to $4,604 and saw about $53 million in leveraged liquidations. Short positions accounted for approximately $37 million of that total, indicating short-squeeze dynamics helped the rebound. What on-chain and technical signals matter now? Key on-chain signals: rising staking participation and reduced short liquidity. Technicals: higher lows since mid-September and RSI near 60. Together, these suggest buyer accumulation with manageable momentum. Comparison: Key Levels and Metrics Metric Value Current price $4,604 Market cap ≈ $556 billion 24h volume > $35 billion Immediate resistance $4,650–$4,700 Upside target on breakout $4,900–$5,000 Support on failure ≈ $4,200 { "@context": "https://schema.org", "@type": "HowTo", "name": "How to confirm an Ethereum breakout above $4,650", "description": "Simple steps traders can use to confirm a breakout and manage risk.", "step": [ { "@type": "HowToStep", "url": "https://en.coinotag.com/ethereum-reclaims-4600-traders-eye-breakout#step1", "name": "Wait for a daily close above the descending trendline and $4,650 resistance", "text": "A daily candle close above the trendline reduces false-break risk." }, { "@type": "HowToStep", "url": "https://en.coinotag.com/ethereum-reclaims-4600-traders-eye-breakout#step2", "name": "Confirm volume expansion on the breakout", "text": "Rising volume supports sustainable momentum and increases breakout probability." }, { "@type": "HowToStep", "url": "https://en.coinotag.com/ethereum-reclaims-4600-traders-eye-breakout#step3", "name": "Check RSI and momentum indicators", "text": "RSI moving above 65 with higher highs signals stronger trend continuation." }, { "@type": "HowToStep", "url": "https://en.coinotag.com/ethereum-reclaims-4600-traders-eye-breakout#step4", "name": "Monitor on-chain staking and liquidity metrics", "text": "Increasing staking participation and reduced short liquidity favor bulls." }, { "@type": "HowToStep", "url": "https://en.coinotag.com/ethereum-reclaims-4600-traders-eye-breakout#step5", "name": "Manage risk with defined stop-loss levels", "text": "Place stops below recent higher lows or pivot supports to limit downside." } ]} { "@context": "https://schema.org", "@type": "FAQPage", "mainEntity": [ { "@type": "Question", "name": "What is the immediate resistance level for Ethereum?", "acceptedAnswer": { "@type": "Answer", "text": "Immediate resistance sits at $4,650–$4,700, a descending trendline tested four times; a decisive close above this zone is needed to confirm a breakout." } }, { "@type": "Question", "name": "How much was liquidated during the recent move?", "acceptedAnswer": { "@type": "Answer", "text": "Approximately $53 million in leveraged positions were liquidated in the last 24 hours, with about $37 million coming from short positions." } }, { "@type": "Question", "name": "What are realistic upside targets on a breakout?", "acceptedAnswer": { "@type": "Answer", "text": "If ETH breaks above $4,650–$4,700, analysts expect momentum may reach $4,900–$5,000, levels last observed in late 2021." } } ]} Frequently Asked Questions How did liquidations affect the recent price move? Large liquidations—about $53M in 24 hours—likely accelerated the short-term rally. Short liquidation of roughly $37M suggests short-covering boosted upward pressure, reducing bearish liquidity. Will the Fusaka upgrade influence price action? The Fusaka upgrade scheduled for December and rising staking participation are supportive long-term catalysts. These fundamentals can underpin bullish sentiment but do not guarantee short-term breakout success. What should traders watch next? Traders should watch for a daily close above $4,650 with volume confirmation, RSI trajectory, and on-chain staking trends to validate a sustained breakout versus a false rejection. Key Takeaways Resistance tested: ETH has attempted the descending trendline four times; $4,650–$4,700 is critical. Liquidity shift: $53M liquidated in 24h, shorts accounting for $37M, easing bearish pressure. Actionable step: Seek a daily close above resistance with rising volume before assuming breakout continuation. Conclusion Ethereum’s reclaim of $4,600 reflects rising buying interest and reduced short liquidity, but the $4,650–$4,700 zone remains decisive. Monitor daily closes, volume, and on-chain staking metrics for confirmation. Published by COINOTAG on 2025-10-05; follow COINOTAG for timely market updates. Author: Alexander Stefanov — Reporter, COINOTAG Published: 5 October 2025 | 11:17 (UTC) Related stories Ethereum Foundation Converts 1,000 ETH to Stablecoins Ahead of Major Network Upgrade — 20 hours ago — 2 min read $985 Million Floods Into Bitcoin ETFs as Ethereum Loses Momentum — 21 hours ago — 2 min read Walmart App to Support Bitcoin and Ethereum, Thanks to New Deal — 2 days ago — 2 min read Vitalik Buterin Warns Ethereum Against Influence of Peter Thiel — 2 days ago — 2 min read Citi Revises Bitcoin and Ethereum Forecasts Amid U.S. Shutdown — 3 days ago — 1 min read Ethereum News: Historic Supply Drain Points to Explosive Price Action — 3 days ago — 2 min read
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