Ethereum Price Analysis: Can ETH Make Another Run at $5K?

Ethereum is trading with muted volatility, as both buyers and sellers lack ￰0￱ asset remains trapped within established ranges, with participants awaiting a catalyst to determine the next directional ￰1￱ Analysis By Shayan The Daily Chart On the daily chart, Ethereum continues to respect its ascending channel, though the price has slipped slightly below the ￰2￱ is stabilising above the $4.2K–$4.3K support zone, but has failed to generate momentum toward the upper channel boundary near $5K. The RSI sits around neutral, underscoring the absence of strong momentum in either ￰3￱ ETH reclaims the channel’s midline and holds above its current base, the broader bullish structure will remain intact.

A breakdown below $4.2K, however, would expose the $3.8K demand zone, while strength above $4.6K would reopen the path toward retesting the ￰4￱ 4-Hour Chart On the 4-hour chart, Ethereum has shown the first signs of renewed bullish interest, breaking slightly above its descending wedge after multiple defences of the $4.2K ￰5￱ asset now probing the $4.4K zone, with momentum gradually shifting back to ￰6￱ ETH sustains this push, the next upside target lies in the $4.6K–$4.7K range. Conversely, failure to hold $4.2K would confirm a failed breakout, increasing the likelihood of a move toward $3.8K. Reclaiming the channel’s midline would be a key structural signal, paving the way for an eventual rally toward a new all-time ￰7￱ Analysis By Shayan The latest liquidation heatmap highlights Ethereum consolidating between $4.2K and $4.5K, with dense liquidity clusters stacked on both ￰8￱ the upside, a heavy band of short liquidations sits around $4,450–$4,600.

If ETH extends higher into this zone, trapped shorts could be squeezed, fueling momentum toward the $4,800 liquidity ￰9￱ the downside, long liquidation layers remain concentrated in the $4,100–$4,200 ￰10￱ this base would likely trigger unwinding of leveraged longs, potentially accelerating a drop toward $4K. For now, ETH remains in a range-bound, liquidity-driven environment, where market makers are likely to continue hunting both ￰11￱ one of these clusters is decisively cleared, sideways compression is expected, with new order flow required to spark a lasting breakout.