Ethereum is nearing the critical $4,200 resistance level, supported by a bullish MACD crossover, substantial ETF inflows, and a three-year volatility squeeze at its peak. These factors collectively signal a potential breakout toward $4,800 if the resistance barrier is decisively breached.
Technical indicators reveal a bullish MACD crossover coinciding with Ethereum’s push toward $4,200. Simultaneously, the cryptocurrency has seen over $5 billion in ETF inflows, with 16 consecutive days of net investment. CME Ethereum futures open interest has soared to $7.85 billion, highlighting intensified institutional participation.
Institutional confidence in Ethereum’s long-term outlook is reflected in actions such as Sharplink’s accumulation of more than 438,000 ETH. Technical patterns, including an ascending triangle formation, mirror historical breakout behaviors observed during major cryptocurrency rallies.
The ongoing three-year volatility squeeze has tightened to extreme levels, typically preceding significant price movements. A sustained move above $4,200 could catalyze an upward trajectory targeting the $4,800 price level.