Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Ethereumis navigating a crucial battleground between $3,900 support and $4,800 resistance, testing the market’s resolve. With recent pullbacks and strong support in place, speculations are whether ETH can sustain momentumand target the next milestone at $5,000. ETH Hits $4,793 Local Top: Bullish Continuation Confirmed
The Crypto Professor, in a recent analysis postedon X, highlighted Ethereum’s impressive rallyto a local top of $4,793. This surge came after ETH successfully broke the critical $4,100 resistance level, confirming a bullish continuation structure and signaling strong momentum from buyers despite the volatile market environment. Related Reading Historic Test Ahead: Ethereum Nears Its All-Time High Amid Retail Sell-Offs 5 days ago
Following this breakout, Ethereum entered what the analyst described as a healthy retracement phase, as traders took profits near resistance. Such pullbacks, while often unsettling to less experienced traders, are considered a natural part of sustaining an uptrend. Source: The Crypto Professor on X
The analyststressed that as long as ETH maintains its position above the $4,100 support zone, the broader bullish structure remains intact. Consolidationbetween $4,100 and $4,700 would be especially constructive, creating a strong base of support before any attempt at a fresh breakout.
Looking ahead, the key level to watch is the recent $4,793 high. A clean break above this point could act as a catalyst for momentum, propelling Ethereum toward the $5,000 psychological barrier, with $5,200 also within reach. Ethereum Faces Key Resistance At $4,800 Previous ATH
GrayWolf6, in a poston X, shared his thoughts on Ethereum’s weekly chart, noting that it is currently facing resistance at its previous all-time high of $4,800. He highlighted $3,900 as another critical level, explaining that ETH had failed to break this zone three times before dropping as low as $1,400. On the fourth attempt, however, ETH finally managed to break through, confirming the importance of this level in the broader marketstructure. Related Reading Ethereum Looks Strong Despite Volatility – $10,000 Price Target Gains Momentum 1 month ago
Currently, ETH is holding above $3,900, which now serves as a key support level. GrayWolf6 pointed out that after Ethereum’s rejection at $4,800, a pullback occurred, and a possible retracement back toward $3,900 remains a possibility.
Despite the rejection, GrayWolf6 maintained that his expectation for a new all-time high is unchanged. He stressed that fluctuations of this nature are a normal part of price action, especially when an asset is testing major resistance levels.
For now, the range between $3,900 and $4,800 remains the critical area to watch. A breakoutabove $4,800, according to GrayWolf6, would open the door for ETH to move beyond its previous highs and potentially enter a new phase of price discovery. ETH trading at $4,298 on the 1D chart | Source: ETHUSDT on Tradingview.com Featured image from Getty Images, chart from Tradingview.com