One Candle Away: Is Ethereum Ready to Smash Past $5,000?

Ethereum hovers near $3,900 resistance as traders eye a breakout that could target $5,000, echoing patterns from earlier 2025 rallies.

Ethereum is pressing against a wall it has failed to break several times this year. Traders are watching the $3,900 mark like hawks. That price has stopped rallies before, but momentum is building again.

A sharp move could flip the market’s mood in an instant. The next few daily candles may decide whether Ethereum aims for $5,000 or retreats to safer ground.

Price Sits at Key Resistance After Strong Rally

According to crypto analyst Ted, from April to July, Ethereum experienced a steady rise in a clear uptrend. Buyers stepped in repeatedly, lifting the price from $2,700 to above $3,900. Higher highs and higher lows marked the climb, a classic bullish structure.

In early June, a dip below $2,300 shook the market. It proved to be a bear trap, as the price recovered quickly and resumed its rise. Ted noted that a similar pattern played out when the market tested $3,900 but failed to hold above it.

Now the chart looks familiar to traders who watched the May and June breakout attempt. Ted, a crypto analyst, noted the similarity and said Ethereum is “one candle away” from a decisive move.

Ethereum Price Targets Depend on Breakout Strength

The $3,900 to $4,000 zone has acted as a ceiling for months. Each time the price touches it, sellers push back. Traders say a strong close above this area could trigger a surge in buying.

If that happens, the next big hurdles could be around $4,500 and then the psychological $5,000 mark. These levels are not just round numbers; they often act as magnets for price once momentum takes over.

However, if buyers fail to hold the breakout, the market could see a drop toward $3,400. Below that, support sits at $3,000 and then $2,700. Those zones have held firm in past pullbacks.

Crypto Traders Watching ETH/BTC for Extra Clues

Analyst CryptoBullet noted that the ETH/BTC pair recently broke above its SMA50-EMA50 band for the first time since January 2023. That shift, he noted it is a sign of relative strength. When Ethereum outperforms Bitcoin, it often boosts sentiment in the broader altcoin market.

Current data from CoinGecko puts Ethereum at $3,911.60, up 5.77 percent in the last 24 hours. Trading volume over that period stands at $23.36 billion, suggesting strong market activity.

If volume rises alongside a breakout above $3,900, the stage could be set for an aggressive push higher. But if resistance holds, Ethereum may spend more time consolidating before making its next big move.