Ethereum Faces Range-Bound Trading: Break Above $4,500 or Below $4,200?

• Ethereum (ETH) has been trading in a narrow range for two weeks, with a breakout above $4,500 or below $4,200 likely determining the next direction.
• The indicators of RSI and MACD demonstrate increasing strength of ETH, which represents the bullish attitude without becoming overbought.
• Whale buying and net inflows indicate an increase in institutional desire, enhancing further positive movement.

Ethereum (ETH) has been trading within a short range for almost two weeks, making most traders frustrated. Analysts have pointed out that to have a breakout that would decide the next price direction. A strong close above the $4,500 or a strong close at the end of June below the $4,200 may represent the next shift.