Quick overview

Live ETH/USD Chart

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Ethereum has returned to its all-time high levels around $4,800–$4,900. Futures volume surged as ETH approached its highs, with the map showing several red bubbles indicating overheating.  Such conditions have often preceded local tops or periods of high volatility since increasing leverage raises the risk of liquidation cascades.

 

Notable corrections following Ethereum’s peak were preceded by similar overheating periods in early and late 2021. Conversely, accumulation zones are typically identified during green phases (cooling), when leverage resets and ETH is poised for another upward move. ETH continues to rise strongly, but bearish divergences on the daily and 4H RSI suggest caution.

A correction toward $4.1K is possible unless buyers defend $4.4K and push the price above the $4.9K ATH with strong momentum. Compared to its previous peak, Ethereum has formed a slightly higher high at $4,884 on the daily timeframe.

However, the RSI shows a bearish divergence, a common sign of potential trend exhaustion, as it fails to make a corresponding higher high. Within the upper limit of the ascending channel, the price is currently consolidating just below the new ATH. The Fib retracement zone at $4,070–$3,900, aligned with the channel’s midline and representing a high-probability demand zone if correction deepens, follows immediate support at $4,400–$4,450.

The 4-hour chart indicates a significant liquidity sweep toward $4,884, followed by consolidation, with the RSI reflecting similar signals..