Ethereum Price Prediction: ETH Reclaims $4K, Eyes ATH Rally

Breakout Momentum Builds as ETH Targets $5K

Ethereum (ETH) is moving upwards with major support levels restored, which implies that a breakout is imminent. Its recent price rebound has prompted a debate among analysts who view that the indications of an expansion could lead to a bullish phase.

Analyst TedPillows pointed out that ETH has regained the vital level of $4,000 that served as a psychological pivot to traders in the recent past. The rebound from the $3,800 level suggests that buyers are defending this level, which is a boost of confidence in the recovery. A strong demand block between $3,875 and $3,915 is serving as the foundation for the push higher.

If the asset closes decisively above $4,250, a shift in market structure could confirm the next upward phase. The next target sits near $4,450, a level that has served as resistance in previous rallies. 

ETHUSD 1D CHART | SOURCE: X

However, a dip below $4,000 could make the crypto vulnerable to lower support levels of $3,735 or $3,550, where demand could accumulate. These ranges show why the market is sensitive to momentum and macroeconomic indicators.

Ethereum Momentum Accelerates

According to analyst TheLongInvest, the sharp rise of ETH to $4,200, which is almost 4.8% in a day, has revived the bullish mood. The token has reclaimed a previous strong resistance, an indicator of investor confidence. Further, the structure is enhanced by the formation of higher lows, which shows that the market is in a sustained uptrend.

ETHUSD CHART | SOURCE: X

Although certain short-term resistance is seen at the levels of $4,250-$4,450, the setup remains constructive. Liquidity is coming back to key altcoins, and traders are willing to buy at higher prices. Consolidation at or above $4,000 is also good for another step to the next resistance and maybe a new ATH, if Bitcoin does not fall.

Ethereum Eyes $5K

Additionally, AltcoinGordon, an analyst, pointed out that the setup has not changed, despite recent price fluctuations. Ethereum has shifted from accumulation to expansion, as in previous cycles, which led to powerful rallies. The breakout above $4,100-$4,200 could lead toward the forecast target at the $5,000 level.

ETHUSD 1D CHART | SOURCE: X

Gordon’s view supports resilience within the market as short-term turbulence has not disrupted the long-term trajectory. As long as ETH holds its reclaimed support, a continuation rally is eventual.

It is worth noting that the asset is at a defining point in the recovery. Holding above the $4,000 base might see a shift to a bullish structure above $5,000 heading into year-end.

At the time of reporting, Ethereum is trading around its recovered support, with its value approximately at 4,100.