Ethereum Must Break $4,500 to Confirm Bullish Reversal, Says Analyst

Analyst Ali says Ethereum must break $4,500 to flip bullish, with next resistance targets at $4,593 and $4,729.

RJT WAGMI notes Ethereum must hold above $4,362–$4,200 support to sustain bullish momentum toward $4,889 and beyond.

Failure to defend $4,200 support could drag Ethereum toward the $3,600–$3,400 accumulation zone in a deeper retracement.

Ethereum is trading at $4,475, between key Fibonacci levels that could determine its next major move. The digital asset is slightly above the 0.618 retracement support at $4,381.93 yet remains below the 0.5 retracement level at $4,486.44

Analysts note this narrow range represents a decisive battleground for short term momentum. A clear move above resistance could change the trend upward, but continued rejection risks deeper downside pressure.

Resistance Levels and Next Moves

According to analyst Ali, Ethereum must decisively clear $4,500 to flip its trend back to bullish. He points out that a breakout above both the 0.5 Fibonacci level and the descending trendline could unlock higher resistance targets

ETH/USD 4-hour price chart, Source: Ali on X

The next levels are at $4,593 corresponding to the 0.382 retracement and $4,729 aligning with the 0.236 retracement. A sustained move could even retest the swing high at $4,957. However, failure to breach these points may support the current bearish structure.

Support Zones Remain Under Pressure

Ethereum immediate support is at $4,382, the 0.618 Fibonacci retracement. Below this level, attention changes to $4,237 at the 0.786 retracement. A breakdown here could expose further declines toward $4,060 and possibly the $3,845 extension

RJT WAGMI emphasized that the $4,362–$4,200 support band is acting as a consolidation base. He added that maintaining this area is essential for any bullish continuation. These zones therefore represent the primary defensive levels for buyers.

Possible Upside Targets if Support Holds

If Ethereum sustains above $4,362, upside moves remain possible. WAGMI notes that strong accumulation patterns suggest momentum could extend toward $4,889.47 as the next resistance

ETH/USD 1-day price chart, Source: RJT WAGMI on X

A successful breakout beyond that point might push prices toward $5,200–$5,500, approaching prior highs. However, losing the $4,200 support may lead to a sharper decline into the $3,600–$3,400 support band. This zone has historically acted as a broader accumulation area during market retracements.

Ethereum trades within a tight range where Fibonacci levels, trendlines, and accumulation zones converge. The outcome will depend on whether bulls can retake mid level resistance or bears exploit weakness near support.

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