Ethereum $ETH is struggling to push past the $4,788 resistance, raising the risk of a pullback toward the recent breakout level at $4,094.
Bullish Scenario: $5,000 in Sight
If $ETH finds strong buying interest near $4,094 and bounces, it would signal that bulls are successfully flipping this key level into support. This could trigger a fresh rally toward the overhead resistance zone between $4,788 and $4,868.
A daily close above $4,868 would open the gates for a run to the psychological $5,000 level, and possibly further toward $5,662.
Bearish Scenario: Deep Correction Possible
On the flip side, if $ETH fails to break above resistance and slips under $4,094, it would indicate profit-taking by short-term traders. In this case, the ETH/USDT pair could drop sharply to around $3,745, wiping out recent gains.
