Ethereum hovers near $3,900 resistance as traders eye a breakout that could target $5,000, echoing patterns from earlier 2025 rallies.
Ethereum is pressing against a wall it has failed to break several times this year. Traders are watching the $3,900 mark like hawks. That price has stopped rallies before, but momentum is building again.
A sharp move could flip the market’s mood in an instant. The next few daily candles may decide whether Ethereum aims for $5,000 or retreats to safer ground.
According to crypto analyst Ted, from April to July, Ethereum experienced a steady rise in a clear uptrend. Buyers stepped in repeatedly, lifting the price from $2,700 to above $3,900. Higher highs and higher lows marked the climb, a classic bullish structure.
$ETH is just one bullish candle away from a major breakout.
The setup looks very similar to May/June 2025, which led to a new yearly high.
Is $5,000 Ethereum possible in Q3? I think so. pic.twitter.com/H9C0L4SqDV
— Ted (@TedPillows) August 7, 2025
In early June, a dip below $2,300 shook the market. It proved to be a bear trap, as the price recovered quickly and resumed its rise. Ted noted that a similar pattern played out when the market tested $3,900 but failed to hold above it.
Now the chart looks familiar to traders who watched the May and June breakout attempt. Ted, a crypto analyst, noted the similarity and said Ethereum is “one candle away” from a decisive move.
The $3,900 to $4,000 zone has acted as a ceiling for months. Each time the price touches it, sellers push back. Traders say a strong close above this area could trigger a surge in buying.
If that happens, the next big hurdles could be around $4,500 and then the psychological $5,000 mark. These levels are not just round numbers; they often act as magnets for price once momentum takes over.
However, if buyers fail to hold the breakout, the market could see a drop toward $3,400. Below that, support sits at $3,000 and then $2,700. Those zones have held firm in past pullbacks.
Analyst CryptoBullet noted that the ETH/BTC pair recently broke above its SMA50-EMA50 band for the first time since January 2023. That shift, he noted it is a sign of relative strength. When Ethereum outperforms Bitcoin, it often boosts sentiment in the broader altcoin market.
$ETH/BTC broke above the SMA50-EMA50 band for the first time since January 2023!
This is very bullish for #Ethereum
pic.twitter.com/F4aT2hurPr
— CryptoBullet (@CryptoBullet1) August 7, 2025
Current data from CoinGecko puts Ethereum at $3,911.60, up 5.77 percent in the last 24 hours. Trading volume over that period stands at $23.36 billion, suggesting strong market activity.
If volume rises alongside a breakout above $3,900, the stage could be set for an aggressive push higher. But if resistance holds, Ethereum may spend more time consolidating before making its next big move.
The post One Candle Away: Is Ethereum Ready to Smash Past $5,000? appeared first on Live Bitcoin News.
