
Ethereum Price Prediction: Will Eth Break $4,000 or Fall to New Lows?

The cryptocurrency market has shown significant volatility, and Ethereum is no exception. Traders and investors are closely watching the price action, eager to know whether Ethereum will break past the $4,000 mark or face another downward trend. Ethereum price prediction remains a hot topic, as the second-largest cryptocurrency by market cap continues to fluctuate between key support and resistance levels.
Ethereum Key Resistance Around $4,000
In May, Ethereum broke above a falling wedge pattern on the daily chart, sparking a 21% rally. Despite this upward momentum, it is now facing a critical challenge. A bearish order block, formed in mid-March, extends from $3,980 to $4,093. This resistance zone has kept Ethereum from surpassing the $4,000 barrier, a crucial psychological and technical level. Breaking through this zone is vital for further upward movement.
For Ethereum to break above this level, it must maintain strong buying pressure. Failing to do so may result in another pullback. Ethereum’s price history shows that it often meets resistance in these zones, making it difficult for bulls to sustain long rallies without a clear breakout. Investors must monitor how Ethereum handles this $4,000 resistance.

Cryptopolitan | MSN | In May, Ethereum broke above a falling wedge pattern on the daily chart, sparking a 21% rally.
Fibonacci Retracement Levels to Watch
As Ethereum’s price continues to fluctuate, technical analysis points to several key levels of interest. One such tool is the Fibonacci retracement, which helps traders identify potential support and resistance zones based on prior price movements. The 50% retracement level, at $3,424, is a critical area to watch. This level was calculated from the swing high of $3,984 on May 27 to the swing low of $2,864 on May 13.
Another important level is the 61.8% retracement, which stands at $3,279. This level often strongly supports bullish markets, providing traders with a clear indication of where prices might find balance. If Ethereum respects these retracement levels, it could build a strong base for a rally back toward $4,000. However, failure to hold these levels may signal further downward movement.
Risk of a Decline Below $2,864
On the bearish side, Ethereum’s price faces a significant risk if it closes below $2,864 on the daily chart. This level is crucial for maintaining a bullish market structure. A daily close below this point would invalidate the positive momentum gained in recent weeks. Such a development would signal a shift in market sentiment, increasing the likelihood of further declines.
If Ethereum breaches the $2,864 level, analysts predict an additional 9% drop, bringing the price down to $2,600. This would place ETH in a precarious position, as it would signal a deeper correction that may take longer to recover from. Traders should pay attention to how Ethereum reacts in this region, as it could set the stage for future price action.

Damilola Lawrence | MSN | If Ethereum breaches the $2,864 level, analysts predict an additional 9% drop, bringing the price down to $2,600.
Ethereum’s Market Outlook
Ethereum’s future largely depends on its ability to break key resistance levels while maintaining support zones. The cryptocurrency market, especially Ethereum, is subject to various factors, including macroeconomic trends, regulatory changes, and investor sentiment. Additionally, Ethereum’s transition to a proof-of-stake (PoS) model has sparked discussions about its long-term viability, potentially influencing price movements.
Investors should remain cautious, as Ethereum could experience increased volatility in the coming weeks. While the $4,000 level remains within reach, a lack of bullish momentum may result in a retracement toward lower support levels. The market’s reaction to these technical indicators will provide valuable insights for those looking to trade or invest in Ethereum.
Factors Influencing Ethereum’s Price Movement
Ethereum’s price is not only affected by technical factors but also by broader market conditions. One of the most significant drivers is Ethereum’s evolving network, which continues to see developments in decentralized finance (DeFi) and non-fungible tokens (NFTs). These advancements attract investors and developers, contributing to Ethereum’s value.
Another factor to consider is the competition Ethereum faces from other blockchain platforms, such as Solana and Binance Smart Chain. As these alternatives grow, Ethereum’s dominance in the space could be challenged, potentially influencing its price trajectory. Lastly, regulatory news and macroeconomic conditions play a role in shaping Ethereum’s outlook.
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