Ethereum Nears Critical Breakout – $4K in Sight If Resistance Cracks
Ethereum bulls are eyeing a decisive move as ETH tests a major weekly resistance level. One analyst predicts a surge to $4,000 if the breakout holds—though skeptics whisper about ’crypto analysts’ uncanny ability to spot targets in hindsight.
Market watchers brace for volatility as the second-largest crypto flirts with a make-or-break moment. No fancy jargon here—just a straightforward showdown between buyers and sellers at a key technical threshold.
Will Ethereum join the $4K club? The charts suggest it’s possible. Wall Street’s still busy arguing about whether crypto is ’real’ while traders place their bets.
Ethereum Eyes Expansion Phase Amid Shifting Global Dynamics
Ethereum is positioning itself for a potentially expansive move as both technical indicators and market sentiment continue to align in its favor. After weeks of consolidation and steady gains, ETH is now testing the $2,850 resistance—a level that has held price down since February. The setup suggests that Ethereum is not only regaining momentum but could also lead the next phase of the crypto rally.
While the crypto market gains traction, broader macroeconomic forces are reshaping investor behavior. A recent decision by the U.S. Federal court to strike down former President Trump’s tariffs on various countries has created fresh uncertainty across global markets. This policy reversal could introduce volatility in traditional finance, as trade dynamics shift and new fiscal responses take shape.
Despite this uncertainty, Ethereum appears to be thriving. There’s a view that crypto assets like ETH could perform well under tight economic conditions, and current price action supports that view. ETH is showing resilience, supported by growing spot demand, a bullish structure, and rising investor confidence.
Pillows highlighted in his latest analysis that if Ethereum reclaims the $2,850 level in the coming sessions, the path to $4,000 will open quickly. This would represent a major breakout and likely trigger a wave of capital rotation from Bitcoin and stablecoins into altcoins.
For now, ETH remains just below a breakout point. If bulls can push decisively above resistance, it WOULD confirm the start of an expansionary move that could reshape the broader market, positioning Ethereum as a leading force in the next phase of the cycle.
ETH Reclaims Weekly Key Levels
Ethereum is showing renewed strength on the weekly chart, currently trading at $2,728.36 after reaching a high of $2,789.50. This move marks a significant recovery from recent lows NEAR $1,600 and confirms the formation of a strong uptrend. ETH has now reclaimed the 34-week EMA at $2,511.42 and is pushing above the 100-week SMA at $2,605.71. These moving averages now act as dynamic support levels, reinforcing bullish sentiment.
The next critical level to watch is the 50-week SMA, currently sitting at $2,729.64, just slightly above the current price. A confirmed weekly close above this level would mark the first time ETH has sustained strength above it since late 2023. That could open the door for a push toward the $3,200–$3,600 zone, with $4,000 in sight if momentum accelerates.
Volume has also picked up on this recent move, signaling healthy participation from buyers. Historically, similar recoveries from major moving average clusters have preceded expansive legs in Ethereum’s price.
As long as ETH maintains this structure and closes the week above $2,700, bulls are likely to retain control. The breakout above $2,850—last defended in early 2024—remains the final hurdle before Ethereum can challenge prior cycle highs.
Featured image from Dall-E, chart from TradingView
