Ether has rallied close to $4,500 following a liquidity sweep at around $4,200, a move supported by spot demand but lacking significant futures participation. A bullish divergence in the price and RSI on the four-hour chart, alongside a breakout from a two-week falling wedge formation, indicates potential upward momentum, but a daily close above $4,500 is necessary to confirm this breakout. Market commentator Jelle highlights the potential for price discovery, while trader Popeye cautions that Ether remains within a broader range until proven otherwise. Futures data shows limited appetite among leveraged traders, with open interest not rising significantly during the rally, and spot volumes increasing as the price climbed. While Bitcoin saw notable price action, Ether's flows suggest persistent sell-side pressure. A daily close above $4,500 could extend gains, while failure to hold this level risks a return to lower price ranges under $4,100.

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