Ethereum It moves on a key battlefield between USD 3,900 and USD 4,800, testing market determination. Thanks to the last withdrawal and mighty support, speculation is whether ETH can persist momentum and aim for the next milestone for $ 5,000.
ETH hits $ 4,793 TOP: confirmed continuation of the stubborn
Cryptographic professor in the latest analysis Published on X, I emphasized the impressive ethereum rally to the local peak $ 4,793. This growth occurred after ETH successfully broke the critical level of resistance worth USD 4,100, confirming the stubborn structure of continuation and signaling a mighty rush from buyers despite the unstable market environment.
After this breakthrough, Ethereum entered what the analyst described as a well phase of standing out, because traders gained profits near resistance. Such withdrawalAlthough often disturbing for less experienced traders, they are considered a natural part of support.
. analyst He emphasized that as long as ETH maintains its position above the 4100 USD support zone, the wider stubborn structure remains intact. Consolidation From 4100 to 4,700 USD it would be particularly constructive, creating a mighty support base for any fresh breakthrough attempt.
Looking to the future, the key level for watching is the latest USD 4,793. A pure break over this point can act as a rush catalyst, driving Ethereum towards a psychological barrier of USD 5000, from USD 5,200 also within reach.
Ethereum is in the face of a key resistance of $ 4,800 previous ATH
Graywolf6, v post He shared his thoughts on the weekly Ethereum chart, noting that he is currently in the face of resistance in the previous highest level of USD 4,800. He emphasized $ 3,900 as another critical level, explaining that ETH did not break this zone three times before it dropped to $ 1,400. However, in the fourth attempt, ETH finally managed to break, confirming the importance of this level on a wider one market structure.
Currently, ETH has over USD 3,900, which now serves as a key level of support. Graywolf6 noticed that after rejecting Ethereum in the amount of $ 4,800 there was a withdrawal, and the possibility of retreating back in the direction of $ 3,900.
Despite the rejection of Gaywolf6, he maintained that his expectations for the fresh highest level of all time remained unchanged. He emphasized that this kind of fluctuations are a normal part of the price, especially when he is testing the main assets resistance levels.
For now, a range from USD 3,900 to 4,800 remains a key area to view. AND Breakout According to Graywolf6, over 4,800 USD would open the ETH door to go beyond previous ups and potentially enter the fresh price discovery phase.
A distinguished picture from Getty Images, chart from TradingView.com
