Ethereum Breaks Wedge, Eyes $5K Target
Ethereum (ETH) climbed above $3,100 on Dec. 5, 2025 after a brief consolidation, following last week’s reclaim of the $3,000 level. The move amounts to a break of a descending wedge pattern, extending bullish momentum and putting a $5,000 upside target on the radar for technical traders if buying volume and open interest remain supportive.
Why it matters: a sustained push toward $5,000 would reinforce confidence in large-cap altcoins and could lift broader market sentiment, especially amid ongoing institutional interest and macro tailwinds. That said, volatility is likely to remain elevated; market participants should watch on-chain activity, trading volume and key support around $3,000 for signs of confirmation or a reversal. This update is informational and not investment advice.