Ethereum’s Next Leap: Market Eyes $5,000 as ETH Reclaims Key Levels
After months of cascading sell pressure, ETH appears to have found a structural foot under the market. The token reversed from the $2,700–$2,800 range, printed a string of higher lows and is driving into a dense band of moving averages — a technical region traders watch for trend confirmation. That shift marks a clear change in momentum from the prolonged drawdown and has reignited bullish interest. If the rally sustains above the moving-average cluster, market participants say a pathway toward the $5,000 neighborhood becomes more plausible as resistance levels are cleared. Still, the overhead zone remains a key battleground; macro conditions and fresh liquidity flows will determine durability. This is a critical phase for ETH: confirmation could attract further inflows, while failure to hold gains would keep the market vulnerable to renewed selling.