Ethereum’s price has been inching closer to the $4,811 mark, a level traders have been closely monitoring. While it hasn’t yet broken through with full precision, the bullish sentiment remains strong. This resistance point has historically acted as a ceiling for Ethereum, making the current movement a key moment for market watchers.
Pullback Adds Strength to Momentum
Recent pullbacks in Ethereum’s price have not dampened optimism but instead added strength to its trajectory. Traders often see healthy retracements as signs of sustainability in price action. This renewed momentum suggests that Ethereum may be preparing for a decisive move upward, turning near-term resistance into support.
Eyes on the $8.5K Target
With Ethereum showing resilience and holding its breakout zone, analysts are now eyeing a new ambitious target—$8,500 and beyond. If Ethereum manages to push past $4,811 with conviction, the next leg higher could set the stage for a major rally. The combination of strong technical levels and increasing investor confidence highlights Ethereum’s potential for significant gains in the coming months.
