Ethereum is once again approaching a critical breakout level, with fresh analysis suggesting a potential rally to $4,000 if a key technical hurdle is cleared.
According to a report by CryptoQuant, Ethereum’s price is currently testing the 50-week Exponential Moving Average (EMA) — a level that has historically served as a launchpad for major bullish moves. Past breakouts above this average have led to significant gains, ranging from 25% to as high as 135%.
The report highlights that, when averaged, these historical rallies result in a price increase of approximately 58%. If Ethereum follows this trend, the projected upside places ETH just shy of the $4,000 mark.
Historic Patterns Offer a Clear Playbook
Previous examples shown in the chart underscore the pattern: whenever ETH has decisively crossed above the 50-week EMA, bullish momentum followed. During past market cycles, such moves were often accompanied by broader crypto strength and increasing investor confidence.
As of now, ETH hovers near the 50-week EMA level around $2,589. A confirmed breakout and sustained hold above this mark could trigger the anticipated bullish follow-through.
A Move Fueled by Technicals
While macro conditions and broader market sentiment always play a role, the technical setup presents a compelling risk-reward scenario. Traders watching this level may be positioning early for what could become the next major leg in Ethereum’s recovery.
If ETH clears this threshold, the historical context suggests that a price surge to $4,000 is well within reach.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/what-could-be-the-only-thing-holding-eth-back-from-4000-breakout/