ETH Eyes Potential All-Time High Retest as Market Sentiment Improves
Ethereum (ETH) is approaching a critical resistance zone near $4,300, a level that traders view as the final hurdle before a possible retest of its all-time high. The recent rally has been supported by rising trading volumes and stronger investor confidence, with analysts noting that bullish momentum remains firmly in control.
On the daily chart, ETH has been trading above its 50-day moving average, indicating sustained buying pressure. The $4,300 level is acting as a key barrier, with price action showing repeated tests in recent sessions. A successful breakout above this level could open the path toward the $4,800-$4,900 range, an area last seen during the peak of the previous bull cycle.
“Ethereum’s price structure remains bullish as long as it holds above the $4,000 support zone,” said BITX strategist. “A decisive move beyond $4,300 could trigger accelerated gains and attract fresh inflows from institutional traders.”
The Relative Strength Index (RSI) remains in bullish territory, signaling that momentum is still strong despite the recent rally. Trading volume has also increased notably, suggesting that market participation is expanding rather than weakening.
Potential Scenarios for Traders
If Ethereum breaks above the $4,300 resistance, the next key targets lie near $4,500 and the all-time high region around $4,880. However, failure to clear the level could lead to a short-term pullback toward $4,050-$4,000, which remains the major support zone for bulls.
With both on-chain metrics and technical indicators pointing toward continued strength, traders are closely watching for a confirmed breakout — a move that could define the next phase of Ethereum’s bull market.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.