According to trading data, ATOM has established key support at $4.50, with buyers stepping in at $4.502 with 1.63M volume, significantly above the 24-hour SMA, as per volume metrics. Ethereum whale transactions surged 164.14% to $7.84 billion in 24 hours, potentially indicating the start of an altcoin season, according to transaction data. Technical analysis shows resistance at $4.600 and a higher low formation at $4.522, suggesting bullish momentum building.

According to @cosmoshub, the latest Cosmos governance proposal vote saw 33 out of 60 Active Set validators and 544 accounts participating, resulting in a 50.79% turnout. Of those who voted, 86.37% supported the proposal, while only 0.10% opposed and 13.53% abstained. This strong approval indicates robust community backing, which may signal increased confidence in upcoming network upgrades and potentially impact ATOM price action (source: @cosmoshub). Traders should monitor Cosmos governance results for early signals of network changes and market sentiment.