Ethereum Price Forecast: Bulls Eye $5,000 as Momentum and Volume Accelerate

From a technical perspective, ETH’s rejection at $4,734 came as it hit the upper Bollinger Band resistance near $4,758. A close above this level would open the door toward the psychological $5,000 target, which aligns with the next psychological resistance.

RSI stands at 79.27, in overbought territory, indicating strong momentum but also raising the risk of short-term profit-taking. The midline Bollinger Band at $3,889 serves as key support; a break below there would weaken the bullish structure.

If the #Ethereum price rally advances, a daily close above $4,758 could send $ETH toward the $5,000 breakout target.

On the downside, failure to hold $4,578 (Bollinger median) could trigger a drop toward $4,000 before bulls regroup.