ETH May Rally to $4,500 if $4,100 Resistance Breaks
Crypto optimism around Ethereum has surged after ETH topped $4,000 on Friday, triggering roughly $105 million in short liquidations. Analyst Ash Crypto identifies the $4,100 mark as the critical resistance level. A decisive break above this threshold could spark a fresh short squeeze, pushing ETH quickly toward $4,400–$4,500. Traders will watch volume and liquidation data closely for confirmation. While near-term momentum appears bullish, investors should remain alert for pullbacks at key psychological levels.
Bullish
The analysis is categorized as bullish because breaking a major resistance level at $4,100 often marks the transition from consolidation to an uptrend in technical trading. The recent $4,000 breakout and $105 million in short liquidations demonstrate strong buying pressure and the potential for a short squeeze. Historically, Ethereum has accelerated gains following similar resistance breaches, as short-covering amplifies upward momentum. In the short term, traders can expect a rapid move toward $4,400–$4,500, while long-term holders may view this as confirmation of renewed bullish trend, though occasional pullbacks at round numbers remain possible.