Ethereum News: New ATH Prediction, $5,500 Short-Term Target

Ethereum news saw price trading in a tight range between $4,100 and $4,500 this week, following a strong rally that lifted market sentiment.

The current zone has become a key battleground for traders watching the next decisive move.

According to crypto analyst Ted Pillows Ethereum (ETH) price prediction, the outlook depends on whether Ethereum can reclaim higher ground.

A daily close above $4,500 could open the door to a run toward $5,000, reinforcing bullish momentum.

However, if buyers fail to hold that level, the market may slide back for a retest near $4,200, with deeper support sitting around $3,900.

Pillows explained that bulls are aiming for a swift break toward $4,750, a move that could confirm renewed strength in the uptrend and rally up to $5,500.

Meanwhile, bears are betting on a loss of momentum, hoping the rally stalls before reaching that threshold.

Analyst Reveals Short-term Ethereum Price Prediction of $5,500

In recent Ethereum news, a tweet by crypto expert Cas Abbe, price could break down to the $4,200 level before mounting a stronger rally toward new highs.

As per Abbe’s Ethereum (ETH) price prediction, the current setup as “a perfect weekly retest with strong volume and momentum,” suggesting that the market may be preparing for its next major leg upward.

The weekly chart supports this view with evidence of a clean breakout above the $4,000 resistance. Ethereum has pulled back slightly, retesting the same area that once acted as a ceiling.

This kind of retest often confirms the breakout’s strength and helps establish a solid foundation for future gains.

If buyers manage to hold this zone, momentum could quickly shift back toward the $5,500 to $6,000 range, which Abbe has identified as his short-term target by November.

These levels also align with the Fibonacci extension zones visible on the chart, specifically between $5,994 and $6,200, which often act as natural resistance points in extended rallies.

As per Ethereum news today, the coin remains technically strong, with higher lows, rising volume, and resilient market structure all signaling that bulls still have the upper hand.

Reclaiming $4,750 Resistance Will Trigger Ethereum Price Rally to New ATH

A resistance around $4,750 seems to be holding Ethereum price hostage, blocking the altcoin from crossing the $5,000 mark, according to crypto expert analyst Ted Pillows.

In his latest market update, Pillows noted in his Ethereum (ETH) price prediction that it is “hovering around the $4,500 level,” and the next decisive move depends on whether bulls can reclaim that upper range.

The daily chart shows Ethereum climbing steadily after bouncing from strong support near $4,000.

Buyers managed to defend this area effectively, sparking a short-term uptrend that now faces its first major test.

A clear break and close above $4,750 could shift sentiment sharply bullish, opening the path toward a potential retest of $5,000, and possibly setting up an attempt to revisit all-time highs.

However, Pillows also pointed out that any weakness in momentum could send Ethereum back toward the $4,100–$4,200 support zone.

This area remains a crucial buffer where buyers are likely to step in again. A drop below it, though, might expose deeper support levels near $3,900, where another bounce could form.

The market is clearly waiting for a breakout confirmation. A sustained move above $4,750 would not only strengthen the bullish case but also reinforce confidence in a possible continuation toward the $5,500 region in the coming weeks.