#ETH Ethereum feels better $4,000 target is easily within reach

Ethereum has successfully breached the psychological $3,000 mark, and compared to the previous unsuccessful breakout attempt in May, this move appears much more likely. After rallying into resistance close to the 200-day EMA at that time, ETH was slammed back into a consolidation range. The asset has surpassed all of the major moving averages, including the 200-day EMA at $2,600, and is clearly gaining momentum according to today's chart, which presents a completely different picture.

The fact that both volume and price have increased is crucial evidence that this rally is more than just speculative chop. Over the past week, every daily candle has closed higher than the one before it, indicating buyers' unwavering commitment. Even though the RSI is getting close to overbought territory above 77, it shows how strong the breakout has become rather than indicating exhaustion.

When the price keeps grinding higher and the RSI stays high, this usually indicates long-term accumulation rather than speculative activity. Between now and the $4,000 zone, Ethereum faces comparatively little structural resistance. 

Concurrent with the pre-crash support area from late 2024, this marks the next significant psychological milestone. In the upcoming weeks, a test of that level is likely if ETH keeps up its momentum. Naturally, traders should continue to be mindful of the possibility of temporary declines.

It would be shocking if the breakout area around $3,000 were to be retested, as the rally has now extended significantly from the 50-day EMA near $2,700. But the overall trend is still firmly bullish as long as the price stays above that range. To put it succinctly, Ethereum's most recent spike represents the asset's strongest upward movement in months. Now that sentiment volume and momentum are all in line, the $4,000 target is easily within reach.