Ethereum Price analysis: Will Eth crash up to $ 4K or Rocket to $ 5K then?

The price of Ethereum has been consolidated for more than a month and still has to penetrate the most important $ 5,000 marking. This consolidation has come an important rally since April, which means that the actively pushes past several resistance levels and will probably continue if the market can break the level of $ 4,800 in the coming weeks.

Technical analysis

By Shayan

The daily graph

The daily graph shows a clear overview of the upward trend of ETH in a large rising channel since April of this year, whereby the price recovers various important levels, including the travel averages of 100 days and 200 days, which are now around $ 3,700 and $ 2,900 markings.

Currently, it is actively gradually increasing within a tight -rising channel, which is also located around the center line of the larger channel. If the smaller channel is broken down, the market will probably review the $ 4,000 level. On the other hand, if the market bounces higher and breaks above the $ 4,800 resistance zone, a historic rally would be expected to $ 5,000 and higher.

The 4-hour graph

By descending to the 4 -hour period, it becomes clear that recent consolidation is mainly limited within a range between $ 4,300 demand zone and the supply zone of $ 4,800.

With the lower trend line of the green rising channel that also approaches the price, the time is for the market to make a decision close by. A breakdown of the channel and the demand zone would lead to a retest of the $ 3,850 demand zone and the lower limit of the larger rising channel, while a rebound from this zone would probably push the price of $ 4,800 by the most important level of $ 5,000.

Onchain -analysis

Find rates (7-day progressive average)

This graph is away from the technical analysis and presents the 7-day advancing average of the financing percentages of Etheremu. The financing percentages measures how aggressively the buyers and sellers on the futures market are, with positive values ​​that indicate more aggressive position by the buyers.

As is apparent from the graph, the 7-day advancing average of the financing percentages has long shown positive values. Yet these values ​​are not comparable to the peaks that were observed in March 2024 and at the end of 2024, when the price was also high in the long term.

This can be an indication that the market still has room to grow, because the futures market still has to be considerably overheated. Caution, however, is still advised because positive financing figures can always lead to liquidation cascades.