Ethereum is undergoing a crucial battle between the support level of $3,900 and the resistance level of $4,800, testing the market's patience. With recent pullbacks and strong current support, many are questioning whether ETH can maintain its growth momentum and head towards the next milestone of $5,000.

ETH Reaches Local Peak of $4,793: Strong Bullish Trend Confirmed

In a recent analysis published on X, Professor Crypto highlighted the impressive rally of Ethereum to a local peak of $4,793. This increase occurred after ETH successfully broke through the important resistance level of $4,100, confirming a strong bullish structure and strong buying signals despite the volatile market environment.

After this breakout, Ethereum enters a phase that analysts describe as a healthy pullback, as traders take profits near resistance levels. Such pullbacks, although often unsettling for less experienced traders, are seen as a natural part of maintaining a bullish trend.

The analyst emphasizes that as long as ETH holds above the support zone of $4,100, the overall strong bullish structure remains intact. Consolidation between $4,100 and $4,700 will be especially beneficial, creating a solid support foundation before any breakout attempts.

Looking ahead, the key level to watch is the recent high of $4,793. A strong breakout above this level could act as a catalyst for growth, pushing Ethereum towards the psychological level of $5,000, with $5,200 also within reach.

Ethereum Faces Important Resistance Level of $4,800 Previously

GrayWolf6, in a post on X, shares his thoughts on Ethereum's weekly chart, noting that the coin is currently facing resistance at the previous high of $4,800. He emphasizes that $3,900 is another important level, explaining that ETH had failed to break through this area three times before dropping to a low of $1,400. However, on the fourth attempt, ETH finally broke through, affirming the importance of this level in the overall market structure.

Currently, ETH is holding strong above the $3,900 level, which serves as an important support level. GrayWolf6 points out that after Ethereum was rejected at $4,800, a pullback occurred, and the possibility of the price returning to $3,900 remains a potential scenario.

Despite being rejected, GrayWolf6 maintains his expectation for a new high remains unchanged. He emphasizes that such volatility is a normal part of price action, especially when an asset is testing important resistance levels.

Currently, the range from $3,900 to $4,800 remains an important area to watch. According to GrayWolf6, breaking through the $4,800 level will open up opportunities for ETH to surpass previous highs and potentially enter a new price discovery phase.

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