Ethereum Could Target $5,766 If It Clears $4,955 Resistance, With $3,876 as Key Support

Ethereum price trades at roughly $4,515, holding above $3,876 support with immediate resistance at $4,955; a decisive break above $4,955 could target $5,766 (50% Fib) and $6,658 (61.8% Fib) as next upside ￰0￱ price near $4,515 with key support at $3,876 and resistance at $4,955 Analyst Donald Dean cites volume shelves and Fibonacci retracements pointing to $5,766 and $6,658 upside ￰1￱ volume and a recent double-bottom pattern shape near-term bias; a drop below $3,876 risks bearish ￰2￱ price outlook: $4,515 now, watch $4,955 breakout for targets to $5,766 and $6,658 — read the technical roadmap and trading ￰3￱ trades at $4,515 as analysts highlight $5,766 targets, with support at $3,876 and resistance at $4,955 shaping its next ￰4￱ holds momentum above $4,500 as traders eye $5,766, with strong support near $3,876 and resistance around $4,955.

Donald Dean highlights Ethereum’s recovery, pointing to volume shelves and Fibonacci levels that frame its bullish path ahead. Ethereum’s breakout potential rests on $4,955 resistance, with upside targets at $5,766 and $6,658 shaping trader sentiment. Ethereum’s price action has drawn close attention this week as traders watch key technical ￰5￱ October 3, Ethereum traded at $4,515.89 against the US dollar on ￰6￱ token slipped by $32.79, marking a 0.73% decline. However, analysts remain optimistic about Ethereum’s next leg ￰7￱ Dean, an analyst on X, stated, “Ethereum has made good upward progress once support was confirmed at the $3800 ￰8￱ ETH is at the volume shelf launch area near $4500 and ready to move ￰9￱ target is $5766 for an ETH to BTC 50% retracement.” His outlook highlights a clear technical roadmap that many traders are ￰10￱ is the current Ethereum price outlook?

Ethereum price is trading around $4,515 with a short-term range defined by support at $3,876 and resistance at $4,955. A confirmed breakout above $4,955 would target the 50% Fibonacci level at $5,766 and the 61.8% level at $6,658, while a drop below $3,876 would signal renewed downside ￰11￱ are price levels and volume shelves shaping ETH’s next moves? Volume shelves at $3,876.53 and the current range indicate concentrated liquidity and institutional ￰12￱ market formed a double-bottom near support, which added buying pressure. Volume-assisted rallies from those shelves historically validate breakouts; traders use these zones to set stop-loss and take-profit ￰13￱ Action and Key Levels Ethereum has displayed a strong recovery since July, climbing along a teal ascending ￰14￱ rallied sharply and peaked near $4,955.90 in early ￰15￱ high remains a critical resistance zone.

However, after reaching this peak, Ethereum slipped into a consolidation phase with increased ￰16￱ chart also shows a descending channel that defined price movements through September and early ￰17￱ lower boundary provided support, while the upper boundary capped upward momentum. Recently, Ethereum broke below this channel before rebounding through a double bottom pattern near ￰18￱ analysis further adds ￰19￱ major volume shelves emerged — one at $3,876.53 and another near the current ￰20￱ areas show heavy trading activity and act as liquidity zones. Moreover, Ethereum’s trading range between $3,876.53 support and $4,955.90 resistance will decide near-term market ￰21￱ do Fibonacci levels inform ETH/BTC and USD targets?

Fibonacci retracement levels place the 50% retracement at $5,766, the 61.8% at $6,658, and the 100% retracement at $9,547. These levels act as logical targets if momentum ￰22￱ ETH/BTC, the 50% retracement noted by analysts serves as a cross-pair gauge for relative strength versus ￰23￱ above $4,955.90 resistance could trigger renewed momentum toward these retracement zones. Conversely, a drop below $3,876.53 would weaken bullish conviction and could open lower support ￰24￱ Asked Questions What are the immediate support and resistance levels for Ethereum? Immediate support is at $3,876.53 and immediate resistance is at $4,955.90.

These levels will likely guide short-term trading decisions and determine whether the market resumes an uptrend or returns to ￰25￱ likely is an ETH breakout to $5,766? If Ethereum breaks and sustains above $4,955.90 with above-average volume, a run toward the 50% Fib at $5,766 becomes ￰26￱ will look for confirmation via volume shelves and follow-through buying to validate the move. , How to interpret Ethereum key technical signals? Use a checklist approach: identify support/resistance, confirm with volume, map Fibonacci levels, and watch for chart patterns such as double ￰27￱ timeframes offer early signals; higher timeframes confirm trend direction. , Key Takeaways Range-bound now : Ethereum trades around $4,515 with a well-defined range between $3,876 and $4,955.

Breakout criteria : A sustained move above $4,955 on high volume targets $5,766 and $6,658. Risk management : Use volume shelves and the $3,876 support level to set stop-losses and position ￰28￱ Ethereum price action remains technically driven, with clear support at $3,876 and resistance at $4,955 guiding the next directional ￰29￱ volume-confirmed breakouts toward $5,766 and $6,658, and manage risk under $3,876. COINOTAG will monitor updates and publish follow-ups as on-chain and market data evolve. , "inLanguage": "en-US" By COINOTAG | Published: October 3, 2023 | Updated: October 3, 2023 Ethereum price outlook: $4,515 now; watch $4,955 breakout for targets to $5,766 and $6,658 — read the technical roadmap and trading implications.