Bitcoin 
Ethereum 
Tether 
BNB 
Solana 
USDC 
XRP 
Dogecoin 
Lido Staked Ether 
TRON 
Cardano 
Toncoin 
Shiba Inu 
Wrapped stETH 
Wrapped Bitcoin 
Avalanche 
WETH 
Chainlink 
Bitcoin Cash 
Sui 
LEO Token 
USDS 
Polkadot 
Litecoin 
NEAR Protocol 
Aptos 
Wrapped eETH 
Uniswap 
Pepe 
Internet Computer 
Bittensor 
Dai 
Artificial Superintelligence Alliance 
Monero 
Ethena USDe 
Stellar 
Kaspa 
WhiteBIT Coin 
Ethereum Classic 
First Digital USD 
POL (ex-MATIC) 
Stacks 
OKB 
dogwifhat 
Aave 
Filecoin 
Cronos 
Arbitrum 
Mantle 
Immutable 
Optimism 
Render 
Hedera 
Celestia 
Injective 
Cosmos Hub 
Fantom 
VeChain 
Bitget Token 
THORChain 
Binance-Peg WETH 
Sei 
Bonk 
The Graph 
Rocket Pool ETH 
Popcat 
Jupiter 
Pyth Network 
FLOKI 
Mantle Staked Ether 
MANTRA 
Gate 
Theta Network 
KuCoin 
Solv Protocol SolvBTC 
Worldcoin 
Helium 
Ethena 
Maker 
Algorand 
Bitcoin SV 
Coinbase Wrapped BTC 
Renzo Restaked ETH 
Marinade Staked SOL 
Ondo 
Arweave 
Fasttoken 
Lido DAO 
Raydium 
JasmyCoin 
Beam 
Polygon 
Brett 
BitTorrent 
Bridged USDC (Polygon PoS Bridge) 
Flow 
Aerodrome Finance 
USDD 
cat in a dogs world 
Core 
Key Support level: $4,354
Key Resistance level: $5,075
The momentum behind ETH remains very strong, which has pushed prices higher and higher. The expectation to see ETH at $5,000 is on everyone’s mind, and this price level is less than 5% from the current all-time high. This should be an easy target to reach for ETH considering the price action.
However, there are a few warning signs that the bears may prepare a trap for the bulls as they push the price to the current resistance at $5,075.
The bearish divergence forming on MACD and RSI seems to indicate that once ETH hits $5,000, the bears can jump in and pull it down in a more significant correction that can retest the current support at $4,354.
ETH Price Technical Indicators
Trading Volume: Sustained volume on this move up. However, as the price is moving higher, the volume is making lower highs. This is a bearish signal.
RSI: The RSI continues to remain just under the 70 points level on the daily timeframe despite several attempts to break above. The bulls have to step up. Otherwise, the RSI is making lower highs. This is again a bearish divergence compared to price.
MACD: The MACD histogram on the daily timeframe is bullish, but the lower highs of the histogram match the volume and RSI in this regard. This is not inspiring confidence as the price moves higher.
Bias
The bias on Ethereum is bullish. However, one has to be careful because a sharp rejection at the resistance level may turn ETH bearish in the short term. The bulls have to bring more conviction in the market. Otherwise, the bears can capitalize on any signs of weakness.
Short-Term Price Prediction for ETH
ETH is on a clear path to test the $5,000 level. A failure to sustain the price above this key level by the bulls will empower the bears to take over control and push ETH lower towards the support at $4,353. The ascending wedge together with the bearish divergence on the indicators could be interpreted as an early warning that this could take place.