**Ethereum (ETH) Price Update & Tomorrow’s Outlook: How Far
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Updated at: 3 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}