Ethereum price is at a decisive threshold for the next stage of a rally. The coin traded near $4,550 resistance at press time after rising about 3% in the past 24 hours.
ETH price gained more than 5% over the week and roughly 1.5% in the past month. Could the move mirror Bitcoin’s breakout phase from 2020?
Ethereum (ETH) Price Faced Strong Resistance at $4,550
The Ethereum (ETH0 price hovered around $4,555 at press time, holding close to its all-time high of $4,954. Analysts said the $4,550 level acted as a ceiling where sellers repeatedly absorbed buying pressure.
Market watchers argued that if ETH managed a sustained close above this barrier, momentum could drive the next advance toward the round $5,000 level.
Traders said the price action reflected a buildup of energy at a critical point. Ali Martinez, a widely followed analyst, said the barrier defined the current battle between bulls and bears.
He argued that sellers dominated each attempt to push higher, but demand remained strong enough to prevent deeper retracements.
Analysts Compared Ethereum (ETH) Price to Bitcoin’s Past Cycle
Some analysts drew comparisons between Ethereum’s current structure and Bitcoin’s path before its surge in late 2020.
Ted Pillows said Ethereum showed the hallmarks of a mid-cycle correction, a stage that historically preceded strong breakouts.
According to Pillows, the ETH price could climb to the $8,000–$10,000 range over the next three to four months.
He said the similarities to Bitcoin’s accumulation phase in 2020 suggested Ethereum might soon enter a comparable expansion phase.
Other technical analysts offered similar views. An observer known as @crypto_goos identified $7,000 as a likely target if momentum held above current levels.
They said the breakout signaled renewed strength after months of consolidation. Although analysts acknowledged the potential for short-term retracements, the broader tone of commentary remained constructive.
The consensus suggested that Ethereum was laying the groundwork for higher valuations through sustained demand and technical positioning.
Institutional Flows Supported Long-Term Outlook
Beyond short-term trading setups, institutional demand shaped sentiment in a significant way.
Blockchain data showed BitMine purchased about $204 Million worth of ETH, raising its total holdings to roughly $9.2 Billion.
Analysts said the accumulation highlighted institutional conviction in Ethereum’s trajectory. Tom Lee, managing partner at Fundstrat, framed Ethereum within a much longer horizon.
He said Ethereum could undergo a supercycle lasting 10–15 years, driven by adoption from financial institutions and the integration of artificial intelligence with blockchain infrastructure.
Lee said network upgrades focused on scalability and efficiency positioned Ethereum to play a central role in digital finance.
He added that such improvements would help cement Ethereum as a core holding in institutional portfolios over time.
Analysts said this institutional narrative reinforced confidence in Ethereum’s structural growth.
They argued that deep-pocketed players remained committed regardless of short-term volatility, a factor that strengthened the long-term thesis.
Analysts Watched Next Move Beyond Resistance
At press time, Ethereum (ETH) price consolidated just below $4,550, with traders watching whether momentum could finally overcome resistance.
A breakout above that line could set the stage for a move toward $5,000 in the near term. Analysts said the parallels with Bitcoin’s earlier cycle, combined with institutional accumulation, shaped the outlook for the coming months.
While minor pullbacks remained possible, the broader trend suggested Ethereum was preparing for the next phase of expansion.