Ethereum is in a pivotal phase in its price trajectory, currently trading near 4450 dollars after recently touching levels of 4650 dollars. Despite some normal temporary pullbacks, the overall trend remains bullish, supported by increasing buying power and institutional confidence.

Main Technical Levels:

Support: The area between 4400 – 4500 dollars represents a strong line of defense, having proven its ability to absorb selling pressure.

Resistance: The range between 4770 – 4900 dollars is currently the most significant barrier and is the same that formed the historical peak in 2021.

If the resistance is broken: The price is expected to move directly towards 5000 dollars, with subsequent targets that may reach 5200 – 6000 dollars.

Technical Signals:

Daily, weekly, and monthly indicators show strong buy signals.

The bullish trend is clear in the short, medium, and long term.

Sales exceeding 2.5 million ETH have not adversely affected the price significantly, reflecting the presence of institutional buying power.

Key Factors:

Institutional Predictions: Standard Chartered Bank has raised its price forecast for Ethereum to 7500 dollars by the end of 2025, with the potential to reach 25,000 dollars in the long term.

Regulatory Environment: It has become clearer and more favorable in the United States and Europe, enhancing the appeal of institutional investment.

Technical Development: The recent Pectra upgrade has improved network performance and provided additional confidence to investors and the community.

Summary:

Bullish Scenario: A breakout above the 4800 – 4900 dollar levels will confirm the continuation of the bullish wave towards 5000 dollars and beyond.

Bearish (Corrective) Scenario: Any potential decline will find its first support at 4400 – 4500 dollars, making this area an important focal point to monitor buyer strength.

Overall, the bullish trend for Ethereum remains dominant, and confidence in its future is growing, shifting the question from whether it will reach 5000 dollars to when it will reach it.

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