Ethereum Hits ’Wave 4’ Bottom - $5,000 Target Now in Sight?
Ethereum's brutal correction phase appears to be over—technical analysts confirm the 'Wave 4' bottom has been established, setting the stage for what could be the most explosive rally in crypto history.
The Path to Five Grand
With the foundation solidified at the Wave 4 support level, Ethereum now faces minimal technical resistance on its ascent toward the mythical $5,000 mark. The same analysts who called this bottom are now mapping trajectories that would make traditional finance veterans blush—if they even understand the charts.
Market Mechanics Align
Institutional accumulation patterns are flashing green while retail sentiment remains cautiously optimistic. The perfect storm for parabolic movement is brewing, though Wall Street analysts will probably still be explaining what a 'blockchain' is by the time ETH hits new all-time highs.
Remember when your financial advisor said crypto was a bubble? He's probably still waiting for that 2% CD to mature while Ethereum prepares to run another 200%.
Major Technical Resistance Levels To Watch
In a new post on the X platform, pseudonymous crypto analyst Darkfost revealed that the Ethereum price might be looking to enter a new phase—that could see it touch $5,000— over the coming weeks. According to the analyst, the altcoin’s value might have reached a bottom of its current phase (wave 4) after the Trump Tariff-induced market downturn.
Darkfost highlighted that the price of ethereum found support at the 200-day exponential moving average (EMA) around the $3,500 level on the daily timeframe. This exact region had once been identified as an attractive Dollar-Cost Averaging (DCA) entry area, the analyst added.
Furthermore, Darkfost emphasized the strong bearish sentiment across the market, as shown by the relative strength index dropping below the 50 threshold. However, the crypto pundit believes that investors can watch for a positive reaction and whether the bullish momentum can kickstart the “wave 5,” despite the potential resistance at the 50 RSI mark.
Darkfost also noted that the 21-day and 50-day EMAs will act as a significant resistance zone for the Ethereum price around the $4,250 zone on the daily timeframe. Evaluating the position of these exponential moving averages aligns perfectly with ETH’s potential RSI recovery above the 50-mark threshold.
According to the crypto analyst, the Ethereum price could finally make its way to the widely anticipated $5,000 level if it manages to overcome these significant barriers.
Ethereum Price Overview
According to data from CoinGecko, the price of ETH is currently adrift the all-time high of $4,946 (attained about 2 months ago) by more than 24%. This gives a picture of the journey the second-largest cryptocurrency WOULD need to travel to reach the highly coveted $5,000 level.
As of this writing, the price of Ethereum stands around $3,741, reflecting an over 4% decline in the past 24 hours. The altcoin’s record is even worse on the weekly timeframe, having lost more than 16% of its value in the last seven days.
