Ethereum Approaches Key Breakout Phase, Analysts Suggest Potential for $7K–$10K If Resistance Is Cleared

Key Points

1. Ethereum has completed a recurring three-step cycle, rallying from $1,500 to $4,278, and is now targeting new highs.

2. Key resistance at $4,800–$5,000 must be cleared for a potential move to $7K–$10K, according to analyst Merlijn.

3. Analyst Rose identifies $4,706, $5,314, and $5,986 as key upside targets after breaking multi-year resistance.

4. Historical patterns from 2018–2020 and 2020–2021 cycles suggest similar accumulation and breakout phases, supporting current projections.

5. The $4,800–$5,000 range is a critical resistance zone, and sustained movement above these levels could lead to unprecedented highs.