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. Ethereum’s price action is at a decisive point after breaking out of a rising wedgepattern. While the move initially fueled optimism for higher targets, the retest of a critical support zone will determine whether this breakoutholds or fades into a false alarm. With the $3,900–$4,100 range now acting as the line in the sand, Ethereum faces one of its most important tests yet. ETH Breaks Rising Wedge: Key Retest In Play
According to a recent postby crypto analyst The Boss on X, Ethereum’s weekly chart was previously showing a rising wedge formation. This technical pattern is often viewed with caution as it can signal a potential bearish reversal. However, in a surprising and bullish development, Ethereum broke out of this pattern to the upside, suggesting a strong underlying momentum. Related Reading Ethereum Slides 6% as Bulls Lose Grip on $4,500 Resistance; $4,000 Incoming? 1 day ago
Following this breakout, the price has now pulled backto perform a crucial re-test of the very level it just surpassed. This re-testing of the breakout point is a classic move in technical analysis, where the previous resistance level is now being tested as new support. ETH retesting the upper line of a rising wedge | Source: Chart from The Boss on X
The analyst highlights that if ETH successfully holds this key re-test level, it will open the door for a continued move higher. Meanwhile, the next potential resistance area, indicated on the analyst’s chart, is situated at the $4,887 price level. ATH Targets Intact While Price Stays Above Support
Crypto Candy, in a recent update, highlighted Ethereum’s sudden move back into the weekly support zone between $3,900 and $4,100. This zone has proven to be a crucial area for ETH, serving as a strong foundation for buyers to maintain the current bullish outlook. The fact that Ethereum is still holding above this level suggests that marketsentiment remains positive, with price aiming for higher targets. Related Reading Ethereum Network Activity Heats Up As Fees Hit $1.4M In 24H 1 week ago
According to the analyst, as long as ETH maintains its position above the $3,900–$4,100 supportzone, the overall trajectory points toward retesting its all-time highlevels. While this zone serves as a make-or-break area, it could determine Ethereum’s next big move. Holding here keeps the bullish case intact and strengthens the probability of another significant rally in the weeks ahead.
However, Crypto Candy also warned of a critical risk. If Ethereum fails to defend this support and closes below $3,800, the entire outlook could shift dramatically. Such a move would invalidate the bullish structure and potentially invite strong selling pressure, opening the door for a deeper correction. Thus, the coming sessions remain crucial as ETH battles to keep its footing above this vital support zone. ETH trading at $4,191 on the 1D chart | Source: ETHUSDT on Tradingview.com Featured image from Adobe Stock, chart from Tradingview.com