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Analyst: Ethereum Short-term Bearish, Potential for a Breakthrough of $4,600 Resistance Level and a Run at $5,000

2025.08.31 22:08:19

On August 31st, the crypto analyst @ali_charts mentioned that if Ethereum's 4-hour closing price exceeds $4,500, it will signify a breakout of the recent high downward trend line, suggesting that bullish momentum may be on the rise. The next significant resistance level is at $4,600. If Ethereum can successfully break through this level, it may open the way for a retest of $5,000. Nevertheless, currently Ethereum is still trading within the middle of the channel, following the downward trend line. The SuperTrend indicator still shows a sell signal. Unless Ethereum can regain $4,500 and transform it into a support level, it remains bearish in the short term.
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