Ethereum Price Surges to New All-Time High Above $4,900

Ethereum price has increased above $4,650 and is now consolidating gains with potential support at $4,550.

ETH reached a new all-time high above $4,900.
The price is currently trading above $4,550 and the 100-hourly Simple Moving Average.
A break occurred below a rising channel with support at $4,750.
Resistance levels are identified at $4,820, $4,850, and $4,920.
A move above $4,950 could lead to further increases towards $5,000 or $5,150.

If Ethereum fails to surpass $4,820, it may decline. Key support levels include:

Technical indicators show the MACD losing momentum while the RSI remains above 50.