Ethereum faces a critical technical test as it trades near the $4,200 mark, with the $4,100 price point emerging as a major resistance barrier. Historical data shows this level previously reversed upward momentum during significant bull runs in March and December 2024.
A sustained close above $4,100 could trigger rapid price appreciation toward the $4,500 threshold or higher, according to technical analysis. Such a breakout would signal strong bullish conviction and potentially open new upside territory for the digital asset.
Technical indicators currently show Ethereum in overbought territory, with the Relative Strength Index (RSI) reading at 71.97. This suggests the possibility of a short-term price pullback before any decisive break higher.
Should Ethereum fail to maintain momentum above the critical resistance, key support levels stand at $3,740 and $3,392. These zones would likely absorb selling pressure if the resistance holds. Market participants are closely monitoring whether ETH can overcome this historically significant price barrier.