Ethereum Surge Coming? $4.9K Break Could Open $6K Path

Key Insights:

• Ethereum holds a $4,100 trendline, keeping the bullish structure intact despite recent price weakness.
• Price must break above $4,420 to confirm the next wave up in short-term structure.
• $4,900 remains key resistance—breakout could open the path for a rally toward $6,000.

Ethereum (ETH) was trading at $4,116.56 after sliding nearly 4% in the past 24 hours. Over the last week, the price has declined by almost 7%, but the overall trend structure remains stable. Analysts are watching key levels that could set the tone for the next move.

Despite the recent dip, the broader setup continues to follow an upward path. ETH is holding above key support, and attention is now turning to two resistance zones that could determine whether the rally resumes.

$4,100 Support Holding the Trend

Ethereum bounced off the $4,100 level earlier this week, a price zone that has served as support since mid-2025. The bounce followed a short correction and kept the price above the ascending trend line that has guided this year’s rally.

Crypto King described the move as a clean recovery from a technical support level, 

Noting that price,

“bounced perfectly from the $4100 zone.” 

The broader trend remains in place as long as the uptrend line continues to hold. Traders are now watching to see if ETH can return to test resistance near $4,900.

Short-Term Chart Eyes $4,420 Break

The 1-hour chart shared by More Crypto Online shows Ethereum completing a recent wave structure and possibly starting a recovery phase. The chart points to a move into wave (B), but that would need confirmation. The key level to watch is $4,420.

“It is possible that wave (B) in the orange scenario starts from here,” the analyst said, while adding that a break above $4,420 is needed to confirm the shift. This zone also lines up with a key retracement level that has acted as resistance on lower timeframes.

$4,900 Still the Level to Beat

The $4,900 area remains a clear resistance. It marks the top of a double peak formed earlier in the cycle. ETH failed to close above this level on prior attempts, but repeated tests may have weakened seller interest there.

A daily close above $4,900 could open the way toward $6,000. For now, Ethereum is trading between key levels — supported above $4,100, but capped below $4,900. If price builds momentum and breaks through resistance, a stronger rally could follow.