Ethereum Rallies To $4,200: Is A Run To $5,000 Finally In The Making?
Ethereum (CRYPTO: ETH) is coiling for its biggest move in months, pressing against a decisive $4,750 resistance that traders say could unlock a rally toward $5,000.
With $171 million in fresh outflows signaling whale accumulation, the setup is shaping into a do-or-die test that could define ETH’s role in the next leg of the bull cycle.
Ethereum Price Rebound Sparks $5,000 Hopes
ETH Price Analysis (Source: TradingView)
On the daily chart, Ethereum price continues to rebound from the $3,850 support zone while maintaining its ascending trendline from April.
The setup remains constructive for buyers, supported by a clear bullish alignment of moving averages — the 20 EMA at $4,251 sits above the 50 EMA at $3,976, which in turn is above the 100 EMA and 200 EMA around $3,536.
ETH has reclaimed both the 20- and 50-day EMAs after last week’s correction, suggesting short-term momentum has improved.
The $3,850–$3,975 region now …
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