Ethereum has repeatedly failed to surpass the $4,500 level, facing resistance that is frustrating traders and investors alike. Several factors are keeping ETH from pushing higher.
Weak Institutional Demand
Recent data shows significant outflows from Ethereum spot ETFs, with hundreds of millions of dollars pulled in just the past week. This indicates cooling interest from institutional investors and a slowdown in buying pressure.
Technical Barriers
- The $4,500 mark has transitioned from support into a strong resistance zone, stopping multiple breakout attempts.
- ETH is currently trading below key moving averages, which adds downward pressure and keeps the price range tight.
- Short-term charts show repeated attempts to rise above $4,450–$4,491 failing, signaling hesitation among buyers.
Market Sentiment and Profit-Taking
Investors who previously entered at lower levels are locking in profits, creating localized selling pressure that further limits upward movement. Momentum indicators also suggest that Ethereum is temporarily overbought, which can trigger short-term pullbacks.
What Could Happen Next
If Ethereum manages to break above $4,500 with strong volume, analysts believe it could reach $4,750 to $5,000. On the other hand, if resistance holds, ETH could retrace to $4,200–$4,300, testing key support levels.
