Ethereum Could Move Toward $4,700–$5,000 If It Breaks $4,633, Hourly Chart Suggests

• ETH current price: $4,590 — breakout above $4,633 targets $4,700 and $5,000

• Short-term hourly charts show bullish momentum despite a 0.07% dip; midterm picture is neutral.

• Key levels: support near $4,500, resistance at $4,633 and $4,788; trade range if unchanged: $4,500–$4,700.

Ethereum price update: ETH price $4,590, watch $4,633 breakout for upside; read the latest outlook and trade levels on COINOTAG.

What is the Ethereum price outlook today?

Ethereum price is trading at $4,590 and shows mixed signals: hourly charts indicate bullish potential, but the daily timeframe remains neutral. Immediate catalysts are a breakout above $4,633 for upside continuation or failure that keeps ETH in a $4,500–$4,700 range.

The market is almost green today, according to CoinStats.

Top coins by CoinStats

How is ETH/USD performing technically?

Ethereum (ETH) recorded a minor decline of 0.07% intraday, but momentum on the hourly chart remains constructive. Support and resistance levels are defining likely scenarios for near-term price movement.

Image by TradingView

Despite the slight fall today, hourly indicators suggest bulls retain control while consolidating. A decisive breakout above the $4,633 level would likely trigger a move toward $4,700 in the short term.

Image by TradingView

On longer time frames, the technical picture is neutral: price is between major support and resistance, and volume does not show a clear directional bias. Traders should monitor $4,788 as a midterm pivot — a sustained move above it increases the probability of testing $5,000.

If the situation does not change by the end of the day, sideways trading in the range of $4,500–$4,700 is the most likely scenario.

Image by TradingView

From the midterm point of view, focus on the $4,788 level. While ETH trades below $4,788, risk of a correction is elevated. If ETH breaks and sustains above $4,788, the accumulated upside energy may support a push to $5,000.

Ethereum is trading at $4,590 at press time.

Frequently Asked Questions

How high could ETH reach if $4,633 is broken?

If ETH clears $4,633 on increased volume, expect a target of $4,700 first and a potential test of $5,000 if momentum and volume sustain the breakout. This assumes no major macro or network-driven shocks.

Why is the midterm outlook neutral?

The midterm outlook is neutral because price currently sits between major support and resistance without clear volume confirmation. On-chain metrics and TradingView technicals show no decisive directional bias at this time.

How to monitor ETH price effectively?

1. Use real-time trackers (CoinStats) for market breadth and liquidity checks.
2. Monitor hourly and daily charts on TradingView for momentum and breakout confirmation.
3. Watch volume and close above/below $4,633 and $4,788 to confirm directional moves.

Key Takeaways

• Current price: ETH at $4,590 — monitor $4,633 for breakout.
• Short-term bias: Hourly bullish potential; daily neutral pending confirmation.
• Actionable insight: Set alerts at $4,633 and $4,788; consider range strategy if price remains between $4,500–$4,700.

Conclusion

Ethereum price is at a pivotal juncture: short-term indicators offer bullish possibilities while the midterm remains neutral. Traders should watch the $4,633 breakout level and $4,788 pivot for directional confirmation. For further updates, follow COINOTAG coverage and check real-time data from CoinStats and TradingView (mentioned as plain-text sources).

Author: COINOTAG — Published: 2025-08-28 — Updated: 2025-08-28