Usman Salis
Ethereum just did something that has analysts buzzing. After breaking back above the crucial $4,089–$4,283 range, ETH is showing the kind of strength that could fuel a massive rally.
The Technical Picture Looks Solid
Market analyst Yusuf AYHAN hasn't wavered from his bold call: Ethereum is still headed for $7,000–$7,500, with $11,000 on the table if this bull run really gets going. The charts are telling a compelling story right now. ETH is trading around $4,283, comfortably above that critical $4,089 support level that caused so much drama earlier. The deeper safety nets are still intact too – we've got solid support at $2,000–$2,150, with an even stronger base between $1,650–$1,850 if things really go sideways.
What's got traders excited is that ascending trendline that keeps pushing ETH higher. Volume has been picking up since we reclaimed $4,000, which typically signals real conviction behind the move. The next major resistance zone sits way up at $7,000–$7,500, which might sound crazy but makes sense when you look at the Fibonacci extensions.
Why This Rally Could Be Different
Three big factors are aligning for Ethereum right now. The macro environment is shifting as central banks globally consider easing policies, which historically pumps money into risk assets like crypto. Then there's the altcoin effect – when ETH rallies hard, it usually drags the entire crypto market higher with it. And from a pure technical standpoint, Ethereum has defended its key support levels multiple times, proving there's serious buying interest at these prices.
The current structure is what analysts dream about. We've got higher lows, solid momentum, and clear targets ahead. If this plays out like similar setups in crypto's past, we could see one of those parabolic moves that defines market cycles.
Usman Salis
