Ethereum’s Breakout Above The MA50 Suggests Further Upside, Here’s The Target

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Ethereum (ETH) has decisively broken above a resistance level, the 50-day Exponential Moving Average (EMA50), igniting renewed bullish momentum across the market. This breakout marks a significant shift in market trend, opening the door for a potential rally toward higher targets around the $4,000 level. Ethereum Targets $4,000 After EMA50 Breakout

The Ethereum price has delivered an explosive rally after its recent breakout above the EMA50 barrier. Given this development, crypto analyst Doctor Profit has forecastedon the X social media that ETH is gearing up for a massive surge toward $4,000.  Related Reading Ethereum Shorts Reach Record Levels, How To Stay Positioned For A Breakout 3 days ago

Sharing a detailed chart analysis, Doctor Profit disclosed that Ethereum was finally able to close above the key moving average after weeks of resistance and failed attemptsto flip it into support—a struggle clearly shown by the multiple rejection wicks marked by the green arrows.  

Notably, Ethereum’s breakout has triggered a strong continuation move, with its price surging over 28.17% in just one week, climbing from around $2,500 to a high near $3,226, at the time of the analysis. This price action marks a significant shift in momentum, indicating that the bulls may have regained controlon the higher time frame.  Source: Doctor Profit on X

According to Doctor Profit, Ethereum’s current technical structure suggests that further upside could follow its EMA50 breach. The clean break and hold above the moving average have invalidated previous bearish pressure zonesand opened a path toward potentially higher price targets. 

Based on historical price behavior after similar breakouts, the analyst expects Ethereum to rally toward $4,000in the coming weeks. Such a move would reflect a notable 9.64% increase from its current price of approximately $3,648. 

In his post, Doctor Profit noted that ETH is showing no immediate signs of weaknesson the chart, with price holding strong above prior resistance levels. As a result, the recent breakout appears to have solidified as a new foundation for the next leg up. ETH Upside Targets Extend Beyond $4,000

Crypto market expert Henry statedin a recent analysis on X that Ethereum has staged a comeback, surging past $3,400 for the first time in five months and breaking out of a textbook Bull Flag pattern. This bullish momentum follows weeks of price consolidationand a key fakeout, which appears to have successfully flushed out prior downside liquidity.  Related Reading Ethereum Forms ‘Pure Cup And Handle’ Pattern After Hitting $3,000, Analysts Set New Targets 3 days ago

After forming two distinct consolidation zones around the $1,800-$2,000 and $2,800-$3,000 levels, ETH faked a breakdownbefore launching into a sharp rally. The cryptocurrency’s chart structure now shows strong bullish continuation signals, with the current trend pointing toward an immediate target of $4,000.

Henry has forecasted that Ethereum’s upside targetsextend far beyond $4,000, with potential milestones projected at $6,000 and even $10,000. While the analyst remains confident in ETH’s ability to reach these bullish targets, he acknowledges that a short-term correction to around $2,800 is possible before the price rally. ETH trading at $3,599 on the 1D chart | Source: ETHUSDT on Tradingview.com Featured image from Pixabay, chart from Tradingview.com