Ethereum Price will always increase above $ 5,000 as long as it holds this level

The Ethereum price has spent the last weeks stuck in a Large consolidation zonetest the bullish momentum as analysts anticipate his Next big escape. An expert on the market has highlighted a critical level for the ETH, which suggests that as long as the second largest cryptocurrency can hold above this level, its way to exceed the milestone of $ 5,000 remains intact.

Ethereum Price faces a critical level at $ 4,400

According to the market expert, Daan Crypto, exchanges on X social networks, Ethereum’s recent price action has been jerky After two slow weeks of trading. The analyst’s graphic shows This ETH has oscillated between $ 4,100 and $ 4,800, with several stop tips and seizures of liquidity creating false movements on the bull and lowering side.

Related reading

Despite these fluctuations, the $ 4,400 area, which is around the 200 -day mobile average (MA) on the 4 -hour graph, continues to act as the level of key support which is between ETH and the milestone of $ 5,000. Daan Crypto Trades noted that this critical support is not only technical but also aligns with Strong accumulation levels.

The analyst stressed that Bitmin Immersion Technologies, Inc. (BMNR) Added regularly to the positions, although a slightly lower pace, because the value of net assets (NAV) flows. This shows that as long as Ethereum can maintain its price higher in the support level of $ 4,400, buyers can remain in control. The graph clearly illustrates this battle for support. ETH drops below $ 4,500 So far, it has been short -lived, the price bouncing constantly in the consolidation range.

This repeated defense strengthens the case of Ethereum to maintain its momentum and build the basics of a race greater than $ 5,000. For the moment, the accumulation of patients in the consolidation zone seems to be the market strategy while cryptocurrency is prepared for a potential escape once wider conditions align.

$ 5,000 is just a matter of time

In a follow -up analysis, Daan Crypto transforms reinforced His upward vision, noting that Ethereum is mainly in a “waiting room of $ 5,000”. The analyst’s graph highlights this point of view, showing the rebounding eth Retrester the region of $ 4,400. With the 200 MA and 200 EMA on the 4-hour graph acting as an underlying support, the structure of the cryptocurrency seems intact despite the short-term volatility.

Related reading

Daan Crypto Trades has suggested that if a $ 4,000 of $ 4,000 is still possible, the market is unlikely to maintain a break below this area as long as ETH holds $ 4,400. In other words, the maintenance of this critical support could open the way to new heights of all time.

The graph also reflected market resilience, ETH rejecting the stockings and quickly bringing around $ 4,600. Such a rebound often points out that The bulls could prepare for the next leg. If the momentum continues, Ethereum resets its old A record level of $ 4,868 And the depreciation of $ 5,000 can only be a matter of time.

Getty Images star image, tradingView.com graphic