$ETH Eyes on the $5K Breakout....
Ethereum continues to trade in a strong uptrend, now holding above the $4,000 level after a powerful rally from its mid-2023 base.
Historical patterns show that once ETH breaks out of prolonged consolidation, it tends to deliver parabolic runs like the 135% surge in 2024 and the 70% rally into early 2025. With momentum steady, the next logical target is the previous all-time high at $4,950, and if that level is cleared, a clean run toward $5,000+ is firmly in sight.
Key support zones are now well-defined: $4,000 remains the first major level to watch, with deeper backing at $3,350. If bulls can defend these zones, the structure remains intact for further upside.
On the downside, only a break back below $1,400 would threaten the broader bullish cycle. For now, Ethereum’s technical setup continues to favor long-term holders and breakout traders eyeing the $5K milestone.
