Ethereum Price Prediction: ETH Surges 12% as Bulls Eye $5,000 Breakout

Ethereum News: $ETH Wakes Up After Weeks of Consolidation

After weeks of sideways trading and false starts, $Ethereum has roared back to life with a sharp rally. The second-largest cryptocurrency by market cap surged 12.47% in a single move, sending $ETH to $4,752. Traders are now focused on one crucial level: the $4,800 breakout zone—a threshold that could trigger historic price discovery.

Ethereum price over the past 24 hours - TradingView

This sudden rally has reignited bullish sentiment across the crypto market, with many asking if this is the breakout they’ve been waiting for.

$ETH Price Surges Toward Price Discovery

Ethereum’s surge wasn’t just another bounce—it was a calculated breakout.

• Daily Performance: $ETH rocketed nearly 12.5%, leaving bears scrambling and bulls emboldened.
• Support Defense: The rally followed a strong defense of the $4,200 weekly support level, a line that proved critical in preventing deeper losses.
• Momentum Shift: The rally highlights $ETH’s resilience and ability to claw back from recent lows, setting up for a push into uncharted territory.

Ethereum Price Prediction: $ETH Breaks Out of Downtrend

Looking at the 2H chart:

• Downtrend Broken: $ETH smashed through a descending resistance line, confirming a bullish breakout pattern.
• Support Levels: Strong support sits at $4,356 and $4,200. Holding these zones will be key for sustaining upside momentum.
• Resistance Levels: $ETH is now pressing against $4,800, the final hurdle before a clean run toward $5,000.

$ETH/USD 2-hours chart - TradingView

Indicators:

• RSI surged to 81, signaling overbought conditions, though this is common during strong breakouts.
• Both the 50 SMA and 200 SMA around $4,285 are acting as a solid base of support.

Ethereum Price Prediction: $5,000 in Sight

With the breakout confirmed and momentum accelerating, Ethereum looks poised to challenge the $5,000 level in the near term. A decisive close above $4,800 would open the door to new all-time highs and historic price discovery.

• Bullish Case: If $ETH clears $4,800, the $5,000 mark could be reached quickly, potentially triggering FOMO-driven buying.
• Bearish Risk: Failure to break $4,800 could see $ETH retrace to $4,356 or even back toward $4,200 before attempting another breakout.

For now, the bulls are firmly in control, and the excitement surrounding Ethereum’s potential to hit $5,000 is building fast.