Ethereum Price Analysis: Is $5K Next for ETH After Reclaiming Crucial Resistance?

Ethereum’s price is rebounding aggressively after the recent decline from the $4,800 ￰0￱ are now hopeful for another push toward the $5,000 level and beyond in the coming ￰1￱ Analysis By Shayan The Daily Chart ETH has successfully defended the $4,000 support zone, bouncing from the ￰2￱ zone overlaps with the 100-day moving average and a previous demand block, making it a technically significant ￰3￱ RSI has also recovered from the oversold region and now sits at 50, suggesting momentum is shifting back toward the ￰4￱ asset is currently pushing toward the $4,800 resistance level and the midline of the large ascending channel. A breakout from this area would open the doors for a historical ETH rally in the coming ￰5￱ 4-Hour Chart On the 4H chart, ETH has printed a textbook head and shoulders ￰6￱ bouncing from the support zone near $3,850, it reclaimed the $4,100 level and formed a higher ￰7￱ is now approaching the $4,400–$4,500 supply zone, which initiated last week’s decline.

Overall, the short-term structure is now ￰8￱ ETH breaks above the $4,500 level, the next target could be the $4,800 high. However, a rejection from here could lead to a short consolidation phase before ￰9￱ Analysis Funding Rates Ethereum funding rates have recently bounced back into positive territory after briefly turning negative during the latest price ￰10￱ negative dip showed that short sellers had taken control, pushing funding rates below zero as the market leaned heavily ￰11￱ the quick recovery suggests those shorts were either closed or liquidated, and traders are slowly regaining ￰12￱ return to positive funding indicates a growing appetite for long positions, although that interest still looks cautious for ￰13￱ to previous cycles, the current funding remains well below euphoric levels.

There’s no sign of excessive leverage or overcrowded longs, which is generally a healthy ￰14￱ funding resets like this without spiking too quickly, it often reflects a more stable trading ￰15￱ this steady climb in funding continues, it could support a more sustained price recovery rather than a short-lived pump.