- Ethereum nears a critical $4,100 level that could unlock a fast rally to $6,000.
- Strong support zones around $3,375 and $2,532 are keeping Ethereum’s uptrend steady.
- Analyst Ali believes breaking $4,100 will trigger Ethereum’s next major price surge.
ETT is on the verge of a breakout as its price approaches the critical $4,100 resistance level. According to the analyst Ali , once Ethereum breaks this barrier, the price could rally toward $6,000 in the near future. Currently, Ethereum trades at approximately $3,945, showing strong momentum despite recent minor pullbacks.
Source: Ali Charts
The $4,100 price point represents a key level for Ethereum. It aligns with the top of the ascending channel, where ETH has been trending for months. If Ethereum manages to surpass this resistance, Ali identifies $4,867 as the next target, followed closely by the milestone of $6,110 Traders are closely watching for this breakout, as it could trigger a major price surge.
What Are Ethereum’s Next Price Levels?
Ali’s analysis points to clear targets if Ethereum breaks through its resistance. After $4,100, the upward projection includes a potential surge to $4,867, which is a crucial short-term target. Beyond that, the analyst believes Ethereum could move rapidly toward $6,110, creating a major opportunity for investors and traders.
In addition to these targets, long-term Fibonacci projections indicate that ETH may even hit $14,000 in the future. Although this number remains far off, it reflects Ethereum’s growth potential as bullish momentum continues building.
Strong Support Levels Limit Downside Risks
While traders anticipate a breakout, Ethereum remains well-supported on its current trend. The 0.786 Fibonacci retracement level at approximately $3,375 serves as a key support point during pullbacks. The 0.618 level near $2,532 also acts as another safety zone for the price.
Ali highlights that Ethereum must remain above $2,110 to keep its bullish structure intact. Any move below this point could disrupt the upward trend and introduce uncertainty for traders.
Will Ethereum successfully break the $4,100 resistance and move toward $6,000? This question now dominates investor discussions. As ETH trades within its upward channel, the next few days could determine its breakout direction and future price action.
Crypto News Land, also abbreviated as “CNL”, is an independent media entity – we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
