Ethereum Approaches Key Resistance at $4,250: What Could Follow a Breakout or Reversal?

Key Points

1. Ethereum is currently trading at $3,921.74 and has built strong momentum, reigniting hopes for a breakout.

2. Key resistance levels for Ethereum are $2,150, $3,650, and $4,250, with $4,000–$4,250 being a historically significant barrier.

3. Analysts note that Ethereum has completed the Wyckoff cycle’s 'Spring' phase and entered the 'SOS' stage, indicating a shift from disbelief to FOMO.

4. The $4,000–$4,250 range has rejected Ethereum six times in the past 4.5 years, but a successful breakout could lead to a surge toward $7,200.

5. Traders are closely watching this level, as it could shape the next major market cycle for Ethereum.