Ethereum Breaks $3,748 and Targets $4,800 With Bullish Momentum
- Ethereum has cleared key resistance near $3,748 and is trading in a strong upward trend with room to grow.
- The chart shows a possible move toward $4,800 as ETH holds support above the 0.236 and 0.382 Fibonacci lines.
- RSI remains in healthy condition and the structure points to further gains if price stays above $3,700 range.
Ethereum has climbed to $3,748.83, pushing past key resistance levels and triggering projections that stretch toward the $4,800 zone. The current breakout follows months of base-building between $2,855 and $3,194. With prices stabilizing above the 0.236 Fibonacci retracement, Ethereum is now in a defined bullish phase.
Price Builds Momentum Above Key Fibonacci Levels
The chart shows Ethereum has cleared several major resistance levels, including $3,447.77 and $3,194.17. These levels align with the 0.236 and 0.382 Fibonacci retracements, signaling firm bullish continuation. A sustained move above these zones confirms strength in the current trend.
Ethereum now trades above the critical $2,855.47 mark, which served as a long-term diagonal support line. This green ascending trendline has held since early April. The structure also formed a rounded base pattern that launched the recent rally.
The most significant breakout occurred above the yellow horizontal resistance near $3,400. This consolidation lasted from late June to mid-July before a sharp breakout in volume and price. Ethereum pushed beyond that range to establish a clear path toward higher resistance targets at $4,095 and $4,864.
The RSI currently sits at 60.38, indicating room for further upside before reaching overbought territory. A slight bearish divergence can be seen, although price remains unaffected in its trajectory. Momentum appears intact, with buyers maintaining control.
Projected Targets Set at $4,000 and $4,800
A projected path drawn on the chart places Ethereum’s next stops at $4,000 and $4,800. These levels are visualized with orange dashed lines and yellow boxes. The move toward $4,800 suggests a new stage of market expansion. Ethereum has moved in tandem with a steep ascending curve, reflecting strong buyer interest. Each consolidation phase has resulted in a higher breakout, suggesting price continuation remains favored. The $4,000 level could serve as short-term resistance before a larger move unfolds.
The trajectory follows a well-defined pattern of stair-step growth. Dips have been shallow, and recoveries have been sharp. This structure has formed higher highs with consistent RSI recovery signals.
If Ethereum maintains its position above $3,748, the likelihood of testing $4,095 increases. From there, price could challenge the next technical target near $4,800, which would mark a major milestone for this cycle. This structure aligns with macro support that has held since March.
Can Ethereum Push Beyond $4,800 in This Cycle?
With ETH forming strong support at $2,855 and breaking above $3,748, the long-term structure supports further upside. The current path shows a consistent rise in price action without significant rejection so far. Resistance bands between $4,095 and $4,800 could delay movement but remain technical, not fundamental.
RSI has reset several times on the 4-hour chart, preventing overextension. Traders will likely monitor the 0.5 Fibonacci line near $2,989 as a fallback support. If price remains above this level, Ethereum could build the momentum needed to surpass $4,800.
