Ethereum Bulls Charge: Price Smashes Through Critical Barrier in High-Stakes Breakout Bid

Ethereum isn't just knocking—it's kicking down the door.

Market momentum builds as ETH challenges a key resistance level that's kept gains in check. Traders watch every tick, every surge, waiting for the dam to break.

Why This Level Matters

Resistance isn't just a number—it's a psychological battleground. Break above it, and bulls regain control. Fail, and frustration sets in. Right now, optimism's running hot.

The Bull Case Strengthens

Buying pressure mounts. Volume picks up. Whispers of a major move echo across trading desks and crypto Twitter alike. No guarantees, but the energy's undeniable.

Of course, in crypto, 'key levels' are just lines until they're not—and someone's always ready to call it a manipulation play. Classic finance, just with more memes.

One thing's clear: Ethereum isn't backing down quietly.

Ethereum Price Faces Hurdles

Ethereum price extended losses after there was a close below the $4,200 level, like Bitcoin. ETH price gained bearish momentum and traded below the $4,110 support zone.

The bears were able to push the price below the $4,080 support zone. Finally, the price tested the $4,065 zone. A low was formed at $4,065 and the price recently started a recovery wave above the 23.6% Fib retracement level of the recent decline from the $4,580 swing high to the $4,065 low.

The price failed to clear the $4,350 zone and the 61.8% Fib retracement level of the recent decline from the $4,580 swing high to the $4,065 low. There is also a bearish trend line forming with resistance at $4,300 on the hourly chart of ETH/USD.

Ethereum price is now trading below $4,300 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $4,300 level. The next key resistance is near the $4,350 level.

The first major resistance is near the $4,385 level. A clear MOVE above the $4,385 resistance might send the price toward the $4,450 resistance. An upside break above the $4,450 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,500 resistance zone or even $4,550 in the near term.

Another Drop In ETH?

If ethereum fails to clear the $4,300 resistance, it could continue to move down. Initial support on the downside is near the $4,220 level. The first major support sits near the $4,180 zone.

A clear move below the $4,180 support might push the price toward the $4,120 support. Any more losses might send the price toward the $4,065 support level in the near term. The next key support sits at $4,000.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is losing momentum in the bearish zone.

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

Major Support Level – $4,180

Major Resistance Level – $4,385