Why did ETH price break through $4,800? What is the next price level?
Ethereum's price momentum accelerated after breaking through $4,000 and $4,800, surpassing the resistance level tested near the last peak in 2021. Technical signals and analyst frameworks currently indicate that as long as the support level holds above $4,500, $6,400 will become a key upward forecast. Analysts point out that if it falls below $4,000, it will increase downside risks and may retest the accumulation area of $2,400. Currently, the market structure and supply constraints driven by staking support the bullish trend, while key support levels remain intact.
