Ethereum Price Targets $4,000 Breaking Key Resistance Levels
The post Ethereum Price Targets $4,000 Breaking Key Resistance Levels appeared on BitcoinEthereumNews.com.
Ethereum (ETH) price traded at around $2,380 after going past critical resistance. That suggests it could climb to $3,000 and $4,000. The sharp upmove started after the Federal Open Market Committee’s decision to hold interest rates steady on May 7. Ethereum price has cleared critical levels, and on-chain metrics are flashing bullish signals. So, the stage is set for a significant upside move. Ethereum Price Broke Key $1,860 Resistance According to Ali Martinez, Ethereum price recently broke above the $1,860 resistance. It is a critical zone where 4.54 million wallets hold 5.58 million ETH. The top altcoin has finally broken out of an important supply wall. It had been capping its progress for the past few weeks, marking a massive change in market sentiment. As the price has rebounded above this level and is now holding strong, Ethereum could rally for the long term with potential goals for $3,000 and $4,000. Source: Ali Martinez, X Additionally, crypto analyst IncomeSharks highlighted that ETH price has also cleared its second diagonal resistance. It confirmed a broader trend reversal. The chart showed ETH moving steadily higher after multiple buy signals along the lower trendline. With the next major resistance zones at $3,000 and $4,000, traders are eyeing a potential multi-month rally if the current momentum holds. Source: IncomeSharks, X Bullish Divergence and On-Chain Data Support ETH’s Rally Notably, Javon Marks noted a major bullish divergence in the price chart for Ethereum. It is a classic reversal pattern signaling forthcoming major price recovery. According to Javon’s analysis, ETH had a double bottom with momentum indicators, such as the Relative Strength Index (RSI) starting to rise, indicating a bullish divergence. This technical arrangement is usually a sign of a new trend commencing with price targets much higher than the current price. Source: Javon Marks, X…
Filed under: News - @ May 10, 2025 11:06 pm