Ethereum broke above the $4K resistance, and turned it into a key support level for potential upward continuation.
The breakout from a multi-year ascending triangle sees a new target at $4.8K.
Rising volume indicates increasing buying interest
Ethereum surged past the $4K mark after breaking out from a long-term ascending triangle. The move positions ETH for a potential rally toward $4.8K as bullish momentum builds across the market.
Ethereum Clears $4K — $4.8K Target Comes Into Focus
Ethereum broke the $4K resistance for the first time in months. This level has been a barrier since 2024, stopping every breakout attempt. The recent surge flipped 4K into a new support zone, opening the way for higher targets.Merlin Trader took to X to note that.
https://twitter.com/MerlijnTrader/status/1954467767270453385
The move comes after an extended consolidation within a multi-year ascending triangle. ETH has formed consistent higher lows since mid-2022, each supported by a rising trendline. This trendline has been tested three times, each test triggered strong rebounds.This is reinforcing a bullish structure.
Technical Structure Favors Continued Upside
On the long-term chart, ETH has been consolidating between its ascending trendline and the $4K ceiling. Breakouts from such compression often lead to major directional moves. The immediate target from this breakout sits at $4.8K, a level that served as the final barrier before Ethereum’s all-time high near $4.9K.
Clearing $4.8K could pave the way for all time high price recovery. Historical data shows that when ETH has surpassed similar resistance zones, rallies have accelerated sharply.Bulls will be defending $4K, confirming it as a new base for upward continuation.Momentum indicators also reflect improving buying strength.
Market Context Strengthens Bullish Scenario
As from 2022, Ethereum has maintained a pattern of higher lows, indicating steady accumulation. Major buying interest has been recorded between $2,200 and $2,600.
This breakout also conforms with improving sentiment in the wider crypto market. Bitcoin’s stability above $116,000 has eased selling pressure across altcoins, allowing Ethereum to gather momentum.
If the trendline and $4K level hold, the technical roadmap points toward a test of $4.8K in the coming weeks. Previous all-time high may be reached, with potential for extension above $5K if market conditions remain favorable.
