🟢 Is This Friday for $ETH $5K Breakout?

$ETH is holding steady at 4616 after bouncing from the 4300 zone earlier this week. The daily chart shows buyers stepping in hard every time price dips near the 25-day EMA around 4297, keeping the uptrend structure intact. The 7-day EMA at 4565 is acting as a near-term support, and ETH has managed to stay above it which confirms bullish momentum in the short run.

The last push topped at 4956 and that remains the key resistance to watch. If ETH can build strength above 4800 and break that 4956 mark, the move toward 5k opens up fast. Volume is steady and not overheated, suggesting accumulation rather than a blow-off top. As long as price holds between 4300 and 4500, the bullish case remains dominant.

Now with 5 billion dollars worth of ETH options set to expire this Friday, volatility is almost guaranteed. Large expiries like this often decide the next trend, either by flushing out weak hands or giving bulls the breakout they’ve been waiting for. If expiry flow tilts bullish, ETH has a real shot at taking 5k and setting a new leg higher. If pressure flips against it, losing 4300 would drag price back toward 4000 before another attempt higher.

The chart is leaning bullish, momentum is intact, and expiry could be the exact spark that decides if this Friday finally delivers ETH’s 5k breakout.$ETH