Ethereum Surges Past $4,600 on HTX Futures Contract

The price of Ethereum (ETH) has broken out above $4,600 on HTX's ETHUSDT21Q2026 futures contract. According to TradingView, this breakout is a bullish signal for the cryptocurrency, with momentum intact as liquidity above $4,600 has been cleared.

The EMA200 trend remains bullish on 15-minute charts, and fresh fair value gaps (FVG) and demand zones are supporting this momentum. The next resistance levels for Ethereum are expected to be around $4,700-$4,800.

Traders who bought into the breakout above $4,600 can set their stop-loss at $4,585 and aim for targets of $4,700, $4,760, or even higher than $4,800. However, if the price breaks below $4,535, it could weaken the structure and open up downside risks to around $4,480 or $4,360.