Ethereum price is trading above $4,700 after a 9.8% weekly gain, consolidating near $4,700 with $4,000 now acting as strong support; momentum and rising market cap signal a potential push toward $5,000 if bulls hold above $4,700.
ETH trades above $4,700 after a 9.77% weekly surge
Key support flipped at $4,000; immediate intraday support near $4,650.
Market cap rose past $570B and staking exceeds $170B (~29% supply).
Ethereum price leads crypto gains above $4,700; check market signals and outlook—read the latest ETH breakout analysis and next levels.
Ethereum price surges past $4,700 with clear bullish structure across timeframes, consolidating ahead of a potential push toward $5,000.
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- Ethereum trades above $4,700 after a 9.77% weekly surge, showing bullish market sentiment.
- ETH broke above $4,000 and turned it into key support as ETH aims higher.
- Market cap jumped over $70B in the past week, showing strong institutional buying interest.
Ethereum is displaying one of its strongest bullish formations in months, holding above $4,700 and approaching a critical $5,000 breakout zone.
Ethereum Breaks Out Above Resistance
As of 2025-09-13, Ethereum price is quoted at $4,719.70, up 4.30% in 24 hours and nearly 9.8% over the last week. The move follows a decisive breach of a resistance level that had constrained the market since early 2024.
The breakout above the prior resistance near $4,000 has flipped that zone into meaningful support. Since clearing that barrier ETH has consolidated above $4,700 with smaller-bodied candles, a sign of potential continuation. On-chain flows and technical indicators corroborate the strength of the move.
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The rally began from the $2,200–$2,400 accumulation band and accelerated after ETH cleared the $2,800–$3,000 demand zone. Traders note the series of large bullish candles and rising volumes as evidence of aggressive buying pressure driving the current uptrend.
Short-term momentum shows signs of cooling but the broader trend remains bullish. On the 30-minute chart ETH pulled back from a local high near $4,750 and is consolidating around $4,722, with RSI ~57 and a recent bearish MACD crossover suggesting temporary exhaustion.
Immediate intraday support sits near $4,650. If ETH sustains above $4,700, buyers are likely to target $5,000. A breakdown below $4,650 could produce a brief correction toward $4,400–$4,500 before trend reassessment.
Ethereum’s market cap recently moved past $570 billion, reflecting renewed investor confidence. A larger market cap often indicates increased liquidity and institutional participation, which can support higher price levels.
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