Can ETH Price Hit $5K and Beyond?

Ethereum Breaks Through Key Levels — Is $3.5K Next?

Ethereum ($ETH) is showing serious strength this week. After smashing through multiple resistance and support zones with ease, ETH is now targeting the $3,500 mark — a key psychological and technical barrier. The chart shows clean breakouts above $2,472, $2,732, and more recently, $3,200, which it is currently consolidating above.

ETH is now trading at around $3,442, gaining over 30% in the past month. And the next big target? The cycle high — just 22% away, followed by the all-time high (ATH) at around $4,800, sitting 42% above current levels.

Momentum Holds the Key

What makes this rally different is the strength and health of the current uptrend:

• The RSI sits at 82.99, signaling strong bullish momentum. While this is overbought territory, it’s not uncommon during breakout phases.
• The price remains comfortably above both the 9-day EMA ($3,063) and 21-day EMA ($2,749), confirming trend strength.
• Volume is supporting the move, and there’s no clear bearish divergence yet.

The last time ETH approached these levels, it experienced short pullbacks. But this current move looks more gradual and sustainable, indicating stronger support behind the rally.

Ethereum Price Prediction: What’s Next for ETH?

The key to Ethereum’s next move is whether it can close above $3,500. If that happens:

• A path toward the cycle high becomes highly likely.
• A push to the ATH around $4,800 may come faster than expected, especially if the broader market remains bullish.

With institutional interest increasing and the ETH ETF narrative gaining steam, Ethereum could be setting up for its next major breakout.

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