Is a Breakout or Pullback Coming Next?

 Key Insights:

• ETH faces strong resistance at $4,250; breakout could push price toward the $5,000 level.
• Analysts are watching $4,079 and $4,000 zones for support if price fails to break resistance.
• ETH/BTC trendline breakout could confirm Ethereum strength and fuel upside continuation.

Ethereum was trading around $4,162.79, up 4.36% over the past 24 hours. Weekly performance shows a gain of 2.6%. Daily volume stands at $36.2 billion, reflecting high market activity. The price action is now centered around the $4,250 resistance—an area that has capped previous rallies.

Price Stalls Below Resistance

Ethereum moved from the $4,030 zone and tapped into the $4,250 range high. This level aligns with a past compression area and is now acting as a short-term ceiling. The market pulled back slightly from there, and the current price hovers just under this barrier.

Trader Lennaert Snyder outlined this zone as a key level. If ETH cannot hold above $4,250, he points to $4,079 and $4,030 as possible support zones. 

 He noted,

“$4,079 could be nice for a resistance/support flip,”

There’s also a known liquidity pocket around $4,000. This zone has seen buyer interest in recent sessions and may provide a base if price dips.

Eyes on $5,000 if Breakout Holds

CryptoWZRD shared an update following ETH’s bullish daily close. According to the analyst, the move puts Ethereum in a strong position to push higher. He’s watching the $4,140 area closely. 

he said.

“If the market can hold above this location until the US trading session, I will be looking for a long opportunity,” 

The next upside level sits near $5,000. If ETH clears $4,250 with follow-through, the $5,000 zone could become the next magnet for price. One of CryptoWZRD’s charts adds, “Above we will get FOMO,” marking the potential for stronger momentum if $5K is tested.

ETH/BTC Chart Adds Confluence

The ETH/BTC pair is also approaching a decision point. It’s attempting to break above a long-term trendline. A successful move could show Ethereum gaining strength relative to Bitcoin. CryptoWZRD flagged this setup as a possible confirmation signal for Ethereum bulls.

Traders watching both charts may find additional conviction if ETHBTC continues to push higher. That would reinforce the case for strength in ETH/USD.

Short-Term Levels to Watch

Key resistance remains at $4,250. Above that, the focus shifts to $4,525 and $5,000. On the downside, support is stacked near $4,079, $4,030, and the $4,000 liquidity area. ETH is holding above these levels for now. How the price reacts around $4,250 will shape the next move.