Ethereum’s Next Move: Will it Breakout or Pull Back Towards $5K?

Ethereum is poised at a critical juncture as its price hovers around $4,300. Resistance levels between $4,700 and $4,800 present the key line in the sand for future movement. Fibonacci extensions suggest potential upside momentum towards $5,570 and $7,668 if bulls can achieve significant momentum. However, a break below the $4,200 level could trigger selling pressure before another upward surge.