ETH breakout or fakeout? Traders debate whether Ether holds $4.5K

ETH rallied closer to $4,500, but muted futures activity and a unique technical setup have traders unsure about whether the rally is sustainable.

Key takeaways:

Ether rallied near $4,500 after sweeping liquidity around $4,200.

Spot demand fueled the rally, while futures participation stayed muted.

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