Ethereum price to erase $ 5,000 if this level is broken

The Ethereum price once again attracts attention while a strong bullish configuration begins to take shape on the graphics. Merlijn analyst the merchant says Buyers intervene After repeated rebounds, showing that the market could move in favor of Bulls. He emphasizes that the momentum is now being built, but a key resistance level still hinders. According to the analyst, this is the type of configuration that often triggers explosive moves to higher targets.

Ethereum Price Forms Triple Bottom Model

According to Merlijn The Trader, Ethereum now displays a model lower than Triple Light On graphics. He explains that the price has rebounded three times on the same support floor, creating a solid base. Each rebound, he says, is proof that buyers intervene with confidence whenever the price drops, while the sellers lose strength.

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For the analyst, this behavior suggests that the downward pressure is weakening and that the exhaustion among the sellers becomes apparent, following numerous unsuccessful attempts to unravel the level of support. Merlijn describes this configuration as a Bullish confirmation.

The way Ethereum price has maintained the same floor again and again The bulls are ready To push stronger. In his opinion, the triple Bottom is a message that the foundation of a strong rally could already be at stake. With this structure firmly in place, Merlijn stresses that this momentum only awaits the start of the signal of a break.

$ 4,540 Resistance is the breaking key

Merlijn The merchant indicates $ 4,540 like the key line that Ethereum must erase. He explains that this level is the final barrier preventing the price of operating higher. If the price pushes $ 4,540 with force, the analyst believes The path to $ 5,000 will open quickly. Depending on his words, “erase this line, and $ ETH becomes vertical.”

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The analyst warns that the levels of resistance like this are there that the market decides on its next movement. For the moment, Ethereum is stable below, but the pressure is built. The merchants look closely to see if the price bursts, because once it does, The momentum could take A quick movement. Merlijn underlines that it is “how the explosive movements were born”, and he expects the Ethereum price to join greatly once the market breaks this level of resistance.

Ethereum traders now focus on this key price level. Triple Bottom has already given a strong support signal, and buyers have shown that they are ready. With exhausted sellers and Momentum alignedThe only question that remains is whether Ethereum can break $ 4,540. If this is the case, the analyst thinks that $ 5,000 will be at hand as soon as possible.

Dall.e star image, tradingView.com graphic