Ethereum is approaching the critical $4,000 resistance level for the seventh time since 2021, signaling growing bullish momentum that could unlock new all-time highs for the cryptocurrency. This repeated testing indicates strengthening upward pressure despite the historical significance of this psychological price barrier.
Market analyst Merlijn The Trader characterizes the $4,000 threshold as Ethereum’s ‘final boss,’ suggesting a decisive breakout could trigger a full price discovery phase. Such a breakthrough might propel Ethereum toward the $5,000 range with minimal historical resistance beyond the current level.
Trading activity around the $4,000 zone is being closely monitored by investors, as a confirmed breakout would signal strong market confidence in Ethereum’s upward trajectory. Clearing this resistance is viewed as crucial for initiating sustained price appreciation and accelerating gains into uncharted valuation territory.