Ethereum Price Analysis: Can ETH Push Past Last Resistance Before $5K Target?

Ethereum has rebounded strongly from late September lows and is now pressing back toward key resistance ￰0￱ recent move has shifted momentum, but overbought conditions and supply zones could bring short-term ￰1￱ Analysis By Shayan The Daily Chart On the daily chart, ETH is trading above $4,500 inside its broader ascending ￰2￱ asset reclaimed the $4,000 support area and pushed higher, but it’s now approaching the $4,800 resistance zone that capped previous ￰3￱ RSI stands around 57, still in neutral territory, showing there’s room for continuation if momentum ￰4￱ above $4,000 maintains the broader bullish structure, while a daily close above $4,800 would mark a major breakout toward new all-time highs above $ 5,000.

On the other hand, as long as the 100-day moving average, located around the $3,900 mark, is not broken to the downside, the market trend would still remain ￰5￱ 4-Hour Chart On the 4-hour timeframe, ETH rallied sharply from the $3,900 demand block, reclaiming the $4,200 level and extending gains toward $4,500. RSI spiked into overbought levels above 70, with a minor pullback already visible. Short-term structure shows strong momentum, but sellers may step in again around the $4,600 supply ￰6￱ the price consolidates above $4,200, ETH could set up another push higher, while failure to hold that level risks a retrace back to $3,900-$4,000 support ￰7￱ could lead to a break below the ascending channel, which could shift the overall market structure to ￰8￱ Analysis Exchange Reserve Exchange reserves for ETH have dropped to 16.1M, marking a steady multi-year ￰9￱ indicates fewer coins are being held on exchanges, a bullish structural signal suggesting reduced selling pressure.

Historically, such declines have coincided with major accumulation phases and ￰10￱ supply on exchanges dropping at a significantly rapid pace and reaching its lowest in years, ETH’s medium-term outlook remains favorable, especially if demand continues to build around the $4K ￰11￱ course, it is essential for the futures market not to go through a liquidation cascade that could overwhelm the spot market demand and lead to a price crash.