Ethereum Bulls Charge Ahead: $5K in Sight as Momentum Builds

Ethereum isn't just holding ground—it's gearing up for the next leg up. Bulls have flipped every minor pullback into fuel, and now the charts scream one thing: higher.

Liquidity hunters on the prowl

Market makers keep stacking bids below $4,200, creating a springboard for another 15-20% push. Shorts getting squeezed? That's just collateral damage.

The institutional FOMO factor

BlackRock's ETH ETF approval last month opened the floodgates. Traditional finance is finally playing catch-up—with their usual two-year lag, of course.

This isn't 2021's meme-driven mania. Real use cases (DeFi, L2s, tokenization) are eating the financial system from the inside out. The only question now: how many bankers will still call it a 'scam' on the way to $10K?

Ethereum Price Eyes Fresh Surge

Ethereum price started a fresh increase from the $3,950 support zone, beating Bitcoin. ETH price was able to recover above the $4,000 and $4,250 resistance levels.

The bulls even pushed the price above the $4,300 resistance zone. Finally, the price tested the $4,360 resistance zone. A high was formed at $4,362 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward MOVE from the $3,545 swing low to the $4,362 high.

Ethereum price is now trading above $4,200 and the 100-hourly Simple Moving Average. There is also a bullish trend line forming with support at $4,250 on the hourly chart of ETH/USD.

On the upside, the price could face resistance near the $4,320 level. The next key resistance is near the $4,350 level. The first major resistance is near the $4,400 level. A clear move above the $4,400 resistance might send the price toward the $4,500 resistance.

An upside break above the $4,500 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,550 resistance zone or even $4,650 in the near term.

Are Dips Limited In ETH?

If ethereum fails to clear the $4,320 resistance, it could start a downside correction. Initial support on the downside is near the $4,250 level. The first major support sits near the $4,200 zone.

A clear move below the $4,200 support might push the price toward the $4,120 support. Any more losses might send the price toward the $4,050 support level in the near term. The next key support sits at $4,000.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is gaining momentum in the bullish zone.

Hourly RSIThe RSI for ETH/USD is now above the 50 zone.

Major Support Level – $4,150

Major Resistance Level – $4,320