Ethereum Price Soars Above $4,000, Eyes $4,700 and Beyond
Ethereum price has accelerated its upward trajectory over the past three days, climbing more than 15% from a $3,650 support zone. The rally broke through multiple resistance levels at $3,720, $3,800 and the key $4,000 pivot, also clearing the 50-week SMA and bearish trend lines at $3,920 (hourly) and $4,100 (daily). Immediate targets lie at $4,350 and $4,500, while a decisive move above $4,550 could open up further gains to $4,700, $5,000 and the 1.618 Fib extension at $5,750. On the downside, strong support sits at $4,200, $4,100 and $3,800. Technical indicators remain bullish, with the MACD in positive territory and RSI above 50, suggesting the ETH price rally could continue if key support levels hold.
Bullish
Ethereum’s sustained rally breaking through key resistance levels and reclaiming the 50-week SMA demonstrates strong bullish momentum. Technical indicators such as a positive MACD and RSI above 50 reinforce the uptrend. In the short term, traders may target $4,350 and $4,500 breakouts, while a clear move above $4,550 could propel price toward $4,700 and beyond. Long-term holders also benefit from solid support zones, suggesting continued upside potential if these levels hold.