Ethereum is at a pivotal point in its price trajectory as traders are watching for a bullish breakout that could propel prices towards the $10,000 mark. A broadening pattern analysis suggests potential strength and momentum, though risks remain in maintaining this rally. Analysts note resistance at $5,000, which, if overcome, could trigger substantial liquidations of short positions and further upward price movement. However, failure to maintain momentum might lead to a pullback towards the $3,500 level, aligning with the 12-week simple moving average (SMA) or even to $3,000 where the 25-week SMA provides additional support. The crucial factor here is volume activity, as a breakout without significant trading volume might prove unsustainable.