Ethereum Breaks Resistance, Could $5K Be Next?

Ethereum (ETH) has recently broken above a key resistance level, signaling a potential rally toward the $5,000 mark. Analysts suggest that sustained buying pressure could propel ETH prices to this new milestone. 4-hour chart analysis reveals bullish momentum after breaking out of a descending trendline late August. However, technical indicators such as RSI offer mixed signals, highlighting a potential weakening in ETH’s momentum despite its impressive run.