Ethereum Price Nails 4-Year Resistance – Analyst Claims Patient Traders Will Reap Windfall
Ethereum just punched through a critical barrier it hasn't touched since 2021 – and crypto bulls are licking their chops.
Here's why this breakout could mint new millionaires (and leave bagholders fuming).
The Resistance That Wasn't
ETH's weekly chart shows a clean break above the $3,800 level that's capped rallies for nearly half a decade. No fancy indicators needed – just pure price action confirming what chain metrics have whispered for months.
Institutions Are Loading Up
While retail traders chase memecoins, CME's ETH futures open interest hit record highs last week. Smart money's positioning for what one analyst calls 'the mother of all alt seasons.'
The Patient Will Be Paid
Stakers who weathered 80% drawdowns now see 5.3% yields plus capital appreciation. Meanwhile, leverage junkies keep funding their Lambo dreams... one liquidation at a time.
As one fund manager quipped: 'Traders treat crypto like a casino – until their accountant treats it like a crime scene.'
Ethereum On The Verge Of Breakout
Crypto analyst MMCrypto highlighted a possible breakout on the Ethereum price chart after the altcoin moved back toward a 4-year resistance trendline. This trendline had begun back in 2021 when the Ethereum price had hit its $4,800 all-time high, and since then, it has become the resistant trendline to beat for the ETH price to rally to new highs.
Over the last four years, this resistance trendline has held firmly, beating the ethereum price back down from the $4,000 level. This has prevented a rally toward its $4,800 and made the $5,000 expected target push even farther away. But now, there could be another opportunity for Ethereum to turn the tide and break this resistance once and for all.
Currently, the ETH price is still trending below $4,000, suggesting that the bears are still holding the resistance line. With the price trading below this resistance, MMCrypto points out that ETH has now been underperforming for four years. Given this, a large number of investors have lost money on their investments or haven’t seen a profit.
The major target now is for the resistance to be broken. The crypto analyst explains that once this happens, then the Ethereum price could see a monumental pump from here. This pump, he explains, will be fueled by investors who have yet to realize any profit on their ETH holdings over the last four years.
With the expectation that the resistance trendline will be broken, the analyst urges investors to be patient. He points out that once the pump begins, those who were patient will be the ones to reap the profits of this ETH price action.
Additionally, Ethereum will not be the only altcoin to benefit from a pump. Previous altcoin seasons have been sparked by movements in the Ethereum price, and if ETH is able to break toward a new all-time high, then the altcoin market is expected to follow suit. “The Ethereum Pump if & when it happens, will have a broad influence on the whole crypto Space & take many Altcoins with it! Be ready, be prepared,” the analyst said in closing.
