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. Ethereumhas once again made headlines by climbing to a fresh all-time high, confirming the strength of its ongoing uptrend. However, despite the bullish price action, warning signs are flashing on the technical front as the Relative Strength Index (RSI) shows a rare divergence. With price pushing higher but momentum indicators losing steam, ETH now faces a critical test on its path toward the much-anticipated $5,000 milestone. Ethereum Breaks Record With Weekly Close Above $4,600
GrayWolf6, in a recent poston X, highlighted that ETH has achieved a significant milestoneby closing the weekly candle above $4,600. This level had previously marked the highest weekly close, and as anticipated, ETH went on to set a new all-time high (ATH) last week. Related Reading Ethereum Price Squeezed In Falling Channel – Bulls Eye Rebound To $4,788 If This Support Holds 5 days ago
Currently, ETH is trading within the upper resistance zoneof the $3,900–$4,800 range. This region is historically challenging and could invite selling pressure as traders look to secure profits. Source: Chart from GrayWolf6 on X
GrayWolf6 noted that his outlook is for ETH to attempt a push beyond the $5,000 mark. Such a move would not only confirm strong bullish momentum but also open the door for further upside targets as buyers maintain control of the trend.
He added that the $5,100 level is especially critical to watch in the coming days. GrayWolf6 concluded by stating that he will be monitoring developments closely throughout the week and sharing updates accordingly. Choppy Price Action Likely As Market Tests Momentum
Another analyst, Cryptonite, recently sharedan update highlighting the mixed signals currently appearing on Ethereum’s chart. He noted that the chart is presenting a rare and somewhat messy pattern, where price has been making higher highs while the RSI has printed lower highs, a classically bearish divergence. However, the RSI is also showing higher lows, which signals that the downside momentum may not be as strong as it initially appears to be. Related Reading Ethereum Price Crash: $2 Billion In Losses Is Waiting For Traders At This Level 6 days ago
This unusual setup has left ETH in a rather complex position. Cryptonite explained that as long as the RSI maintains these higher lows, the long-term outlook remains favorable for the bulls, despite the short-term volatility. This makes sense given that ETH is currently trading around its all-time high levels, a zone that naturally attracts both profit-taking and renewed buying interest, leading to unpredictable price swings.
Another factor worth watching, according to Cryptonite, is trading volume. Despite ETH recording higher highs in price, volumehas been declining, which could be a warning sign of weakening momentum. Until stronger participation returns, ETH’s next major move may remain uncertain, with volatilitylikely to dominate in the short term. ETH trading at $4,546 on the 1D chart | Source: ETHUSDT on Tradingview.com Featured image from iStock, chart from Tradingview.com