Bullish sentiment returns as ETH reclaims key resistance and targets higher levels
Ethereum (ETH) has officially broken above $4,663, marking a decisive move past its previous all-time high and reinforcing a strong bullish trend across the crypto market. The breakout follows weeks of consolidation within a tight range, where ETH steadily built momentum above the $4,200 support zone, as seen in the latest technical setup.
This move signals a renewed wave of investor confidence in the world’s second-largest cryptocurrency. Analysts highlight that Ethereum’s price structure has been forming higher lows, creating a solid foundation for this surge. The breach of the key resistance area around $4,600 now sets the stage for a potential test of the $4,800–$5,000 zone, a region identified as a “weak high” on technical charts.
“This breakout is technically significant,” said one of BITX market analyst. “Ethereum’s ability to reclaim its previous high and close above resistance suggests a continuation of upward momentum, especially if buying volume remains consistent.”
TradingView data shows increasing market participation, with volume spikes confirming bullish conviction as ETH rallied from late September lows. The breakout aligns with improving fundamentals in Ethereum’s ecosystem, including rising on-chain activity, layer-2 adoption, and strong institutional inflows into ETH-based investment products.
From a technical perspective, $4,450 now acts as immediate support, while $4,800 to $5,000 serves as the next critical resistance zone. Analysts warn, however, that a failure to hold above the breakout level could trigger a short-term retest of support before another upward leg.
“The structure remains bullish as long as Ethereum stays above $4,450,”According to BITX . “If momentum holds, a clear move toward $5,000 and possibly beyond is likely in the near term.”
With renewed strength in both fundamentals and price action, Ethereum’s breakout above its previous all-time high may mark the beginning of a new bullish phase — one that could set the tone for the broader crypto market heading into the final quarter of the year.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss