Ethereum News Today: Ethereum Approaches $4,750 Resistance as Bulls Target $5,000 Breakout

Ethereum (ETH) is showing signs of a significant breakout, with analysts suggesting that if the current bullish momentum continues, the price could climb toward $5,000 in the near term. The digital asset has recently rallied from the $2,050 level and is now approaching key resistance at $4,750, a zone that could determine the next phase of its price movement [1]. The pattern mirrors pre-euphoric stages seen in previous market cycles, including those of 2017 and 2021 [1].

According to the analysis provided by Crypto Yoddha, a successful break above $4,750 could open the door to a projected cycle target of $7,000–$10,600. The current price structure has already broken a major downtrend since 2022, forming a consolidation range that could lead to an upward acceleration if confirmed [1]. Analyst Ted Pillows has also noted that the recent reclaim of the $4,000 level reduces key resistance ahead, strengthening the bullish case, particularly if Bitcoin continues its upward trend [1].

Ethereum’s price action since mid-2022 has followed an ascending trendline with multiple bounces, reinforcing the idea that the asset is in a strong technical position. A breakout above $4,800 would confirm the next leg of the rally, while a failure to hold the $4,000 support could lead to a retest of $3,100–$3,500 before any further bullish movement [1]. The $4,750–$4,800 range is therefore critical for price validation, with historical data suggesting that confirmed breakouts tend to accelerate within months [1].

Analyst predictions from multiple sources reinforce this sentiment. Mitrade cited Grok’s AI-driven analysis, which indicates a $5,000 target is feasible under current market conditions [1]. AInvest highlighted that increased ETF inflows and growing staking activity are contributing to a stronger demand environment for ETH, making a move toward $5,000 more plausible [2]. Brave reported that Ethereum has already approached its all-time high of $4,868 and that a continuation of the bullish trend could push the price toward $5,000 in the near term [3].

Further support for this view comes from a Facebook post where analysts stated that a $5,000 price target could be reached sooner than expected if the current momentum holds [5]. Brave also noted that a decisive break above $4,200 could trigger a short squeeze, propelling the price toward $4,400–$4,500 and bringing it closer to the $5,000 threshold [7].

While these forecasts remain speculative, they are grounded in recent price action and technical analysis. Investors and traders are advised to closely monitor key resistance levels and on-chain activity for further confirmation of the potential breakout [1][2][3][4][5][6][7].

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