Ethereum Price Analysis: Can ETH Make Another Run at $5K?
Ethereum bulls are eyeing the $5,000 threshold again—will the second-largest cryptocurrency muster the momentum for another assault?
Technical Breakout or False Dawn?
ETH's recent price action shows consolidation near key support levels. The $5K psychological barrier remains the ultimate test for bullish conviction. Trading volume patterns suggest institutional accumulation, though retail FOMO hasn't fully kicked in yet.
Market Dynamics at Play
Network upgrades continue boosting Ethereum's fundamental case—faster transactions, lower fees, and staking yields attract both developers and investors. Traditional finance giants keep dipping toes into ETH products, providing underlying demand that would make even the most cynical Wall Street quant raise an eyebrow (though they'd never admit it).
The $5K question isn't just about price—it's about whether Ethereum can finally shake off 'altcoin' status and cement itself as digital infrastructure. The market's waiting to see if this run has real legs or just another case of crypto investors chasing yesterday's rally.
Technical Analysis
By Shayan
The Daily Chart
On the daily chart, ethereum continues to respect its ascending channel, though the price has slipped slightly below the mid-range. ETH is stabilising above the $4.2K–$4.3K support zone, but has failed to generate momentum toward the upper channel boundary near $5K.
The RSI sits around neutral, underscoring the absence of strong momentum in either direction. If ETH reclaims the channel’s midline and holds above its current base, the broader bullish structure will remain intact. A breakdown below $4.2K, however, WOULD expose the $3.8K demand zone, while strength above $4.6K would reopen the path toward retesting the highs.
The 4-Hour Chart
On the 4-hour chart, Ethereum has shown the first signs of renewed bullish interest, breaking slightly above its descending wedge after multiple defences of the $4.2K base. The asset now probing the $4.4K zone, with momentum gradually shifting back to buyers.
If ETH sustains this push, the next upside target lies in the $4.6K–$4.7K range. Conversely, failure to hold $4.2K would confirm a failed breakout, increasing the likelihood of a MOVE toward $3.8K. Reclaiming the channel’s midline would be a key structural signal, paving the way for an eventual rally toward a new all-time high.
Sentiment Analysis
By Shayan
The latest liquidation heatmap highlights Ethereum consolidating between $4.2K and $4.5K, with dense liquidity clusters stacked on both sides.
On the upside, a heavy band of short liquidations sits around $4,450–$4,600. If ETH extends higher into this zone, trapped shorts could be squeezed, fueling momentum toward the $4,800 liquidity pocket.
On the downside, long liquidation layers remain concentrated in the $4,100–$4,200 region. Losing this base would likely trigger unwinding of Leveraged longs, potentially accelerating a drop toward $4K.
For now, ETH remains in a range-bound, liquidity-driven environment, where market makers are likely to continue hunting both sides. Until one of these clusters is decisively cleared, sideways compression is expected, with new order FLOW required to spark a lasting breakout.
