- Ethereum has cleared key resistance near $3,748 and is trading in a strong upward trend with room to grow.
- The chart shows a possible move toward $4,800 as ETH holds support above the 0.236 and 0.382 Fibonacci lines.
- RSI remains in healthy condition and the structure points to further gains if price stays above $3,700 range.
Ethereum has climbed to $3,748.83, pushing past key resistance levels and triggering projections that stretch toward the $4,800 zone. The current breakout follows months of base-building between $2,855 and $3,194. With prices stabilizing above the 0.236 Fibonacci retracement, Ethereum is now in a defined bullish phase.
Price Builds Momentum Above Key Fibonacci Levels
The chart shows Ethereum has cleared several major resistance levels, including $3,447.77 and $3,194.17. These levels align with the 0.236 and 0.382 Fibonacci retracements, signaling firm bullish continuation. A sustained move above these zones confirms strength in the current trend.
Ethereum now trades above the critical $2,855.47 mark, which served as a long-term diagonal support line. This green ascending trendline has held since early April. The structure also formed a rounded base pattern that launched the recent rally.
The most significant breakout occurred above the yellow horizontal resistance near $3,400. This consolidation lasted from late June to mid-July before a sharp breakout in volume and price. Ethereum pushed beyond that range to establish a clear path toward higher resistance targets at $4,095 and $4,864.
The RSI currently sits at 60.38, indicating room for further upside before reaching overbought territory. A slight bearish divergence can be seen, although price remains unaffected in its trajectory. Momentum appears intact, with buyers maintaining control.
Projected Targets Set at $4,000 and $4,800
A projected path drawn on the chart places Ethereum’s next stops at $4,000 and $4,800. These levels are visualized with orange dashed lines and yellow boxes. The move toward $4,800 suggests a new stage of market expansion. Ethereum has moved in tandem with a steep ascending curve, reflecting strong buyer interest. Each consolidation phase has resulted in a higher breakout, suggesting price continuation remains favored. The $4,000 level could serve as short-term resistance before a larger move unfolds.
The trajectory follows a well-defined pattern of stair-step growth. Dips have been shallow, and recoveries have been sharp. This structure has formed higher highs with consistent RSI recovery signals.
If Ethereum maintains its position above $3,748, the likelihood of testing $4,095 increases. From there, price could challenge the next technical target near $4,800, which would mark a major milestone for this cycle. This structure aligns with macro support that has held since March.
Can Ethereum Push Beyond $4,800 in This Cycle?
With ETH forming strong support at $2,855 and breaking above $3,748, the long-term structure supports further upside. The current path shows a consistent rise in price action without significant rejection so far. Resistance bands between $4,095 and $4,800 could delay movement but remain technical, not fundamental.
RSI has reset several times on the 4-hour chart, preventing overextension. Traders will likely monitor the 0.5 Fibonacci line near $2,989 as a fallback support. If price remains above this level, Ethereum could build the momentum needed to surpass $4,800.
Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0
PRC Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed