Ethereum Approaches $4K Resistance: Analysts Consider Breakout or Potential Reversal Amid Key Price Tests

Key Points

1. Ethereum has surged from $3,050 to near $4,000, with key resistance levels at $4,074, $4,374, and $4,534.

2. A breakout above $4,074 could target the $4,374–$4,534 range, while rejection at upper resistance may indicate a trend reversal.

3. Analysts compare Ethereum's current price to its 2021 and December 2024 levels, suggesting it may now be fairly valued with potential to reach $6,500–$8,000.

4. Factors influencing Ethereum's valuation include stablecoin growth, ETF staking, and U.S. regulatory approvals.

5. A double top pattern could form, signaling a potential reversal, with a pullback toward $3,820 if resistance holds.