Ethereum breaks key resistance after 24% rally, targets $4,956 next
ETH up 24% in 8 days, breaks resistance on volume; pullback to $2,150 or run toward $4,956
Ethereum (ETH) jumped 24% in eight days and pierced key resistance on strong volume. Traders watch a dip to $2,150 or continuation toward $4,956 per Kamile Uray and NewsBTC.
The push came with no meaningful retracements. Max Trades calls a near‑term cooldown “healthy” after the vertical move on X.
Preferred dip-buy zone sits near $2,150. It marks prior range highs, aligns with Fib confluence, and sits above the weekly open source.
EMAs remain below price and act as dynamic support. Invalidation for the setup is below $2,080 at the Fibonacci “golden pocket” source.
Lower‑timeframe confirmation requires a sustained 4‑hour close above $2,475. Holding that level would reinforce the breakout structure per Uray and NewsBTC.
The broader uptrend holds while the $1,916 4‑hour bottom is defended NewsBTC.
Uray tracks a “Libra” formation. Upside target sits near $4,956, with interim resistance at $3,445. Invalidation for the formation is below $1,388 source and NewsBTC.
The volume‑led breakout stands out versus Bitcoin, which has not shown a similar high‑conviction move yet Uray. Futures activity also shows elevated interest in ETH NewsBTC.
