#ETHBreaksATH While ETH remains in a strong upward trend over longer time frames, the bearish divergences on both the daily RSI and the 4-hour RSI suggest caution. A potential correction towards $4.1K should not be dismissed unless buyers can defend $4.4K and push the price above the ATH of $4.8K with convincing momentum.

The Daily Chart

On the daily timeframe, Ethereum formed a slightly higher high at $4,884 compared to its previous peak. However, the RSI failed to make a corresponding high, forming a bearish divergence, a classic warning of potential exhaustion in the trend.

The price is currently consolidating just below the new ATH, within the upper limit of the ascending channel. Immediate support is at $4,400–$4,450, followed by the Fib retracement cluster at $4,070–$3,900, which aligns with the midline of the channel and continues to be a high-probability demand zone if a correction deepens.

ETHUSDT

Perp.

3,047.66

+0.54%$ETH

ETH

3,326.39

+6.33%