Ethereum Smashes Key Resistance—Here’s Where ETH Heads Next
Ethereum just bulldozed through a critical price barrier—and traders are scrambling to map the next targets. The breakout signals bullish momentum, but let’s see if the ’institutional money’ shows up this time or just ghosts the party again.
Key levels to watch: $4,200 as immediate support, with $4,800 as the next battleground. If ETH holds here, we’re staring at a potential retest of all-time highs. Meanwhile, Bitcoin maximalists are quietly seething.
Pro tip: Watch the ETH/BTC pair. If it breaks upward, even the most cynical TradFi suits might have to pretend they ’always believed in Web3.’
Technical Analysis
The Daily Chart
A surge in buying activity near the critical $1.5K support level triggered a strong upward move, propelling Ethereum above the key $1.8K resistance zone, an encouraging bullish signal. This breakout raises the question of whether a fresh bullish phase has begun. However, ETH now faces a substantial resistance region ahead, marked by the $2.1K level, which coincides with the 100-day moving average.
As such, the asset is likely to continue its upward trajectory toward this resistance. A temporary consolidation NEAR $2.1K may follow, allowing the market to absorb supply. If buyers manage to breach this level decisively, the next target will likely be the $2.5K mark.
The 4-Hour Chart
On the 4-hour timeframe, Ethereum confirmed a bullish market structure shift with a breakout above a short-term ascending flag pattern at $1.8K, an area previously established as a significant swing low. This breakout sparked a sharp surge in its price.
However, ETH is now approaching the critical $2.1K resistance level, which also aligns with a major prior swing high. In the near term, the price is expected to approach this level with increased buying pressure. Should buyers succeed in pushing above it, the next bullish target WOULD be $2.5K. Conversely, a rejection at this resistance could result in a consolidation phase within the $1.8K–$2.1K range.
Sentiment Analysis
The Binance liquidation heatmap continues to provide valuable insights into Ethereum’s market structure and potential price trajectory. Following the recent uptrend, a significant cluster of liquidation levels was targeted just above the previous swing high near the critical $1.8K mark.
Historically, during periods of recovery or heightened bullish sentiment, markets often gravitate toward such liquidity pockets, as institutional players and smart money exploit trapped sellers by triggering forced liquidations.
At present, Ethereum’s price action reflects strengthening momentum, having rebounded decisively from the key $1.5K support and reclaimed several important technical levels. Meanwhile, the heatmap shows a lack of significant liquidity zones ahead, particularly in the path toward the $2.1K region. This absence of nearby sell-side liquidity suggests minimal resistance and supports the likelihood of a continued rally toward the $2.1K threshold.
