Ethereum Breakout at $4,750 Could Propel Price to $10,600
An Ethereum breakout at $4,750 could kickstart a new bullish phase after the asset rallied from a $2,050 low and cleared its $3,650 Wyckoff “Creek” phase. Having reclaimed $4,000 support and approached the key $4,750–$4,800 resistance—an area that capped previous cycles in 2017 and 2021—ETH may trigger FOMO-driven rallies toward $7,000–$10,600 on a clean breakout. Conversely, failure to breach or sustain above $4,000 could see a pullback to $3,100–$3,500. Traders should monitor trading volume, cycle indicators, and Bitcoin momentum to confirm this Ethereum breakout.
Bullish
The convergence of cleared support levels—rally from $2,050 low, reclaimed $4,000—and the approach to key resistance at $4,750–$4,800, which has historically capped bull cycles, suggests that a confirmed Ethereum breakout will likely trigger strong FOMO and further gains toward $7,000–$10,600. Short-term traders will be watching volume and Bitcoin momentum to validate this move. While a failed breakout risks a pullback to $3,100–$3,500, the prevailing market structure and historical patterns support a bullish outlook both in the near term, by catalyzing a Phase E Wyckoff markup, and longer term through renewed investor confidence.