📉 📈 ETH/USDT:Ethereum is largely in bullish hands, holding above the 50-day EMA support at $4,128 on the daily chart. A buy signal from the MACD indicator, maintained since Sunday, supports the bullish outlook.

🔸The steady RSI at 53 on the same daily range indicates that bulls have the upper hand. If the RSI rises toward the overbought region, the odds of Ethereum extending its up leg toward the $4,500 resistance would significantly increase.

🔹Still, traders should be cautiously optimistic and watch for potential early profit-taking, which may dampen the uptrend. They should not lose sight of the 100-day EMA support at $3,971 and the demand zone at $3,860, both of which could absorb selling pressure and prevent Ethereum from falling to the 200-day EMA at $3,590.
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