Ethereum News Today: Ethereum Surges 91.66 to $3,833 Testing $4,400 Resistance After Breakout

Ethereum (ETH) has rallied sharply to $3,833.25 following a significant breakout on the weekly chart, now testing the critical $4,400 resistance level. The price has climbed from below $2,000 in recent weeks, breaking out from a long-term downtrend that had been in place since late 2023. This upward move has rekindled hopes among traders that Ethereum may finally overcome a key resistance that has held back price action for over 18 months [1].

The $4,400 level has historically acted as a ceiling for Ethereum. Previous attempts to break through this zone in early 2024 and early 2025 ended in reversals, with price failing to hold above the level on a weekly basis. Traders are now watching closely to see if the current rally will result in a sustained breakout or another rejection. A weekly close above $4,400 would mark the first time in nearly 18 months that Ethereum has cleared this level, potentially signaling a shift in the asset’s medium-term trajectory [1].

The technical setup supporting the current uptrend includes a series of higher highs and higher lows, indicating strong buying pressure. The green moving average near $1,800—previously a key support level—has also remained intact, offering further validation to the bullish momentum. In addition, volume has been gradually increasing as ETH approaches $4,400, suggesting growing participation from market participants [1].

Analysts and traders are paying close attention to the price behavior near $4,400, as it represents a major psychological and technical barrier. A successful breakout could confirm the end of a multi-year consolidation phase and open the door for a new leg higher. Conversely, a failure to maintain position above this level could result in a consolidation or pullback, testing the strength of the current rally [1].

The market remains in a pivotal phase, with Ethereum poised at a critical decision point. The ability to maintain control above $3,200 last week confirmed a shift in short-term market dynamics, and the subsequent move toward $3,833 indicates strong demand from buyers. If the $4,400 resistance is breached and held, it could serve as a catalyst for further appreciation, potentially leading to the $8,000 level as suggested in some technical forecasts [1].

Source:

[1] Ethereum Hits $3,833 After Breakout with $4,400 Next on the Chart (https://cryptonewsland.com/ethereum-hits-3833-after-with-4400-next/)