Ethereum Price Action Signals Strength — Can It Challenge All-Time Highs?

• Ethereum broke above the $4K resistance, and turned it into a key support level for potential upward continuation.
• The breakout from a multi-year ascending triangle sees a new target at $4.8K.
• Rising volume indicates increasing buying interest

Ethereum surged past the $4K mark after breaking out from a long-term ascending triangle. The move positions ETH for a potential rally toward $4.8K as bullish momentum builds across the market.

Ethereum Clears $4K — $4.8K Target Comes Into Focus

Ethereum broke the $4K resistance for the first time in months. This level has been a barrier since 2024, stopping every breakout attempt. The recent surge flipped 4K into a new support zone, opening the way for higher targets.Merlin Trader took to X to note that.

THE ETHEREUM BLUEPRINT

Months of chop. Resistance flipped to support.

$4,000 is the breakout trigger.
$4,800 is the gateway to ATHs.

The setup is clean. The momentum is real.

The road to new highs just opened and it won’t wait for you. pic.twitter.com/I1Hb2BIi39

— Merlijn The Trader (@MerlijnTrader) August 10, 2025

The move comes after an extended consolidation within a multi-year ascending triangle. ETH has formed consistent higher lows since mid-2022, each supported by a rising trendline. This trendline has been tested three times, each test triggered strong rebounds.This is reinforcing a bullish structure.

Technical Structure Favors Continued Upside

On the long-term chart, ETH has been consolidating between its ascending trendline and the $4K ceiling. Breakouts from such compression often lead to major directional moves. The immediate target from this breakout sits at $4.8K, a level that served as the final barrier before Ethereum’s all-time high near $4.9K.

Clearing $4.8K could pave the way for all time high price recovery. Historical data shows that when ETH has surpassed similar resistance zones, rallies have accelerated sharply.Bulls will be defending $4K, confirming it as a new base for upward continuation.Momentum indicators also reflect improving buying strength.

Market Context Strengthens Bullish Scenario

As from 2022, Ethereum has maintained a pattern of higher lows, indicating steady accumulation. Major buying interest has been recorded between $2,200 and $2,600.

This breakout also conforms with improving sentiment in the wider crypto market. Bitcoin’s stability above $116,000 has eased selling pressure across altcoins, allowing Ethereum to gather momentum.

If the trendline and $4K level hold, the technical roadmap points toward a test of $4.8K in the coming weeks. Previous all-time high may be reached, with potential for extension above $5K if market conditions remain favorable.

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