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- Gate July 2025 Transparency Report:
Accelerating Leadership in the Global Crypto Landscape!
#GateTransparencyReport# - 📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
Join Gate Launchpool Round 297 — PublicAI (PUBLIC) and share your post on Gate Square for a chance to win from a 4,000 $PUBLIC prize pool
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Ethereum is fluctuating between $3,900 and $4,800, is $5,000 the next milestone?
Ethereum is undergoing a significant battle between the support level of $3,900 and the resistance level of $4,800, testing the market's resolve. With recent pullbacks and a strong support level in place, many are speculating whether ETH can maintain its upward momentum and aim for the next milestone of $5,000. ETH Reaches Local Peak of 4,793 USD: Upward Trend Confirmed In a recent analysis published on X, Professor Crypto highlighted the impressive surge of Ethereum to a local peak of $4,793. This spike occurred after ETH successfully broke through the important resistance level of $4,100, confirming a bullish continuation structure and signaling strong momentum from buyers despite the volatile market environment.
After this breakout, Ethereum enters a phase that analysts describe as a healthy pullback, as traders take profits near the resistance level. Such pullbacks, although often causing anxiety for less experienced traders, are considered a natural part of maintaining an upward trend.
The analyst emphasized that as long as ETH maintains its position above the support area of $4,100, the overall bullish structure remains intact. Consolidation between $4,100 and $4,700 will be particularly constructive, creating a solid support base ahead of any breakout attempts. Looking ahead, the important level to watch is the recent high of 4,793 dollars. A strong breakout above this level could act as a catalyst for growth, pushing Ethereum towards the psychological level of 5,000 dollars, and 5,200 dollars is also within reach. Ethereum Faces Important Resistance At The 4,800 USD ATH Level Before GrayWolf6, in a post on X, shared his thoughts on the weekly chart of Ethereum, noting that the coin is currently facing resistance at the previous all-time high of $4,800. He emphasized that $3,900 is another important threshold, explaining that ETH failed to break this area three times before dropping to a low of $1,400. However, on the fourth attempt, ETH finally broke through, affirming the importance of this threshold in the overall market structure.
Currently, ETH is holding above the $3,900 level, serving as an important support level. GrayWolf6 points out that after Ethereum was rejected at the $4,800 level, a pullback occurred, and the possibility of the price returning to the $3,900 level remains a possibility. Despite the rejection, GrayWolf6 still asserts that his expectations for a new all-time high remain unchanged. He emphasizes that such fluctuations are a normal part of price movements, especially when an asset is testing key resistance levels. Currently, the range from $3,900 to $4,800 remains an important area to watch. According to GrayWolf6, breaking above the $4,800 threshold will open up opportunities for ETH to surpass previous highs and potentially enter a new price discovery phase.