Ethereum in a cross fire between $ 3,900 and $ 4,800, is the next step $ 5,000?

Ethereum is to navigate a crucial battlefield between $ 3,900 in support and resistance of $ 4,800, testing market determination. With recent hindsights and strong support in place, speculation is whether ETH can maintain momentum And target the next step at $ 5,000.

ETH reaches $ 4,793.

The crypto teacher, in a recent analysis poster on X, highlighted the impressive of Ethereum rally at a local summit of $ 4,793. This thrust occurred after the ETH has managed to break the level of critical resistance of $ 4,100, confirming a bullish continuation structure and signaling a strong momentum of buyers despite the environment of the volatile market.

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After this break, Ethereum entered what the analyst described as a healthy trace phase, because the traders have taken profits near the resistance. Such withdrawalsAlthough often disturbing for less experienced traders, are considered a natural element in maintaining an upward trend.

THE analyst stressed that as long as ETH maintains its position above the $ 4,100 support area, the wider bullish structure remains intact. Consolidation Between $ 4,100 and $ 4,700 would be particularly constructive, creating a solid support base before any attempt at new escape.

For the future, the key level to monitor is the recent $ 4,793. A clear break above this point could act as a catalyst of the momentum, propellanting Ethereum to the psychological barrier of $ 5,000, with $ 5,200 also at hand.

Ethereum faces a key resistance at $ 4,800 previous ATH

Graywolf6, in a job On X, shared its reflections on the weekly graph of Ethereum, noting that it is currently faced with resistance to its highest level of $ 4,800. He highlighted $ 3,900 as another critical level, explaining that ETH had failed to break this area three times before dropping as low as $ 1,400. During the fourth attempt, however, ETH finally managed to unravel, confirming the importance of this level in the widest walk structure.

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Currently, ETH has more than $ 3,900, which now serves as a key level of support. Graywolf6 stressed that after the rejection of Ethereum at $ 4,800, a decline occurred and a possible retrace to $ 3,900 remains a possibility.

Despite the rejection, Graywolf6 argued that his expectations for a new summit of all time are unchanged. He pointed out that fluctuations of this nature are a normal part of the price action, especially when an active person tests resistance levels.

For the moment, the range between $ 3,900 and $ 4,800 remains the critical area to be monitored. A burst According to Graywolf6, more than $ 4,800, would open the door to ETH to go beyond its previous summits and potentially enter a new price discovery phase.

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