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**Ethereum (ETH) Price Update & Tomorrow’s Outlook: How Far

Makia Nabola

Updated at: 5 hours ago

{"content":"**Ethereum (ETH) Price Update & Tomorrow’s Outlook: How Far Can It Climb?** **Current Price:** Ethereum (ETH) is currently trading around $4,796.44, up significantly from a daily low of $4,209.91 to a high of $4,843.38, reflecting a 13.47% gain. Other sources confirm similar figures: - CoinDesk: $4,786.89 with $36B in 24-hour trading volume. - CoinMarketCap: $4,783.98, up 12.20%, with a market cap of ~$577B. **Tomorrow’s Price Prediction:** - CoinLore forecasts a slight increase to ~$4,852 (+1.3%). - TradersUnion predicts a potential dip: down 2.54% to ~$4,680.72 in 24 hours, or 1.43% to ~$4,734.23 in 48 hours. - CoinDCX suggests ETH could stay range-bound: above $4,400 may push it to $4,500+, but a drop below $4,200 could test support at $4,000. - CoinCentral notes resistance between $4,800–$4,900, which could either cap gains or fuel a breakout. **Factors Driving the Price:** - **Institutional Interest & ETFs:** Rising investments in spot ETH ETFs and corporate buying are driving demand, with some analysts projecting ETH could hit $15,000 by year-end. - **Macro Environment:** A ~14% surge followed Federal Reserve Chair Powell’s hints at rate cuts, boosting risk assets like crypto. - **Technical Analysis:** The $4,800–$4,900 zone is a key resistance. Breaking it with strong volume could push ETH toward $5,000+, but failure might lead to consolidation or a slight pullback. **Summary:** - **Today’s Range:** ~$4,780–$4,800 - **Tomorrow’s Scenarios:** - Optimistic: ~$4,850 or higher if resistance is broken ($4,900–$5,000). - Cautious: Possible dip to $4,680–$4,700 if bearish trends emerge.","images":[],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}

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