Ethereum (ETH) May Test $4,400–$4,500 After Potential Hourly Breakout as Volume Declines

• ETH/USD at $4,354: testing $4,362 resistance — breakout would target $4,400–$4,500.

• 24-hour price change: +~1%; volume decreasing on higher time frames, indicating limited momentum.

• Data from CoinStats and TradingView show momentum concentrated on the hourly chart; watch daily candle close for confirmation.

Ethereum price update: ETH trades near $4,354 after a 1% rise; read the short-term outlook and key levels — track the breakout now.

Most of the coins have returned to the green zone on the first day of the week, according to CoinStats.

ETH chart by CoinStats

What is the current Ethereum price and short-term outlook?

The Ethereum price (ETH price) is trading at $4,354 and has risen by almost 1% over the last 24 hours. In the short term, ETH is approaching local resistance at $4,362; a confirmed hourly breakout would likely push the price toward the $4,400–$4,500 zone within days.

How is ETH/USD behaving on intraday and daily charts?

On the hourly chart, ETH is testing resistance near $4,362. If the hourly candle breaks and holds above that level, momentum could accelerate. Volume on short time frames shows increased buying pressure, while the daily chart records falling volume — an alert that wider participation is limited.

The price of Ethereum (ETH) has risen by almost 1% over the last 24 hours.

Image by TradingView

On the hourly chart, the rate of ETH is approaching the local resistance of $4,362. If its breakout happens, the accumulated energy might be enough for a test of the $4,400 zone shortly.

Image by TradingView

On the longer time frame, the price of the chief altcoin is going up against falling volume. This divergence—rising price with declining volume—suggests caution: neither buyers nor sellers have committed fully to a sustained directional move.

If the daily candle closes with no long wick rejecting gains, the upward move is likely to continue to the $4,400–$4,500 range until the end of the week.

Image by TradingView

From the midterm point of view, the rate of ETH is far from strong support and resistance cluster zones. The declining volume indicates a lack of decisive accumulation by either side, so traders should watch confirmation signals—volume expansion, retest of broken resistance, or a clear daily close.

Ethereum is trading at $4,354 at press time.

Why does volume matter for ETH price moves?

Volume confirms moves: rising price with rising volume signals buyer commitment; rising price with falling volume can indicate a weak rally. TradingView and CoinStats volume metrics show that current higher timeframe volume is decreasing, which increases the probability of a short-lived breakout unless volume resumes.

How can traders assess a valid ETH breakout?

Use a simple checklist to validate a breakout:

1. Confirm hourly close above $4,362 with >10–20% higher hourly volume than the preceding average.
2. Wait for a retest of $4,362 as support (if it holds, consider momentum entries).
3. Set targets at $4,400 and $4,500; use stop-loss below the retest low to manage risk.

Frequently Asked Questions

What are the nearest support and resistance levels for ETH?

Immediate resistance is at $4,362, with near-term targets at $4,400–$4,500 on a clean breakout. Key support lies below recent swing lows; monitor intraday charts for exact stop levels.

How likely is an ETH breakout this week?

If the hourly resistance at $4,362 is breached with increased volume and the daily candle closes without a long upper wick, the probability of a sustained breakout toward $4,400+ increases.

Key Takeaways

• Short-term bias: Bullish if hourly breakout at $4,362 confirms; target $4,400–$4,500.
• Volume signal: Falling volume on higher time frames warns of weak momentum; confirmation is required.
• Risk management: Wait for retest and use stops below retest lows to limit downside.

Conclusion

Ethereum price momentum is constructive but volume dynamics advise caution. Watch the $4,362 hourly resistance and the daily candle close for confirmation of a sustained move. For traders and investors, follow objective confirmations and risk controls; COINOTAG will continue to monitor market developments and update this outlook.