Ethereum Price Breaks Key Structure as Buyers Gain Momentum: Potential for a Surge Above $4,400

Technical analysis suggests that Ethereum’s recent price movements are revealing a market structure indicative of recovery. After a period spent below critical thresholds, Ethereum seems to have executed a structural break, with analysts identifying $1,500 as the area where buyers have taken control, especially if it surpasses $4,000.

Ethereum’s Structural Break and the $1,500 Pivot

A recent analysis by an expert highlighted a clear market structure break just above the $1,500 mark. Earlier in the month, Ethereum dipped to around $1,415, initially suggesting further declines were possible. However, in the aftermath, bullish traders swiftly reacted, accumulating during that downturn and neutralizing the pressing selling pressure.

Additional Insights

This surge in buyer interest not only prevented a major reversal but also facilitated a significant shift in market dynamics. Following this, Ethereum’s price has shown resilience, consistently finding support near the $1,500 threshold. This sustained defense of support resulted in a market structure break, a technical pattern indicative of a potential transition from bearish to bullish pricing.

Notably, this structural break has seen Ethereum’s price gradually rise. This marks a significant turn, particularly as it approaches the $1,900 resistance level—an area that also coincides with the 50-week moving average, paving the way for additional gains. Successfully breaking and maintaining above this point on a weekly basis could provide the momentum required for Ethereum to target higher levels, potentially marking the onset of a broader recovery.

If momentum allows bulls to push Ethereum above $1,900, it could unlock the potential for reaching several upper targets discussed by the analyst, including $2,800 and $4,400 as plausible goals in the medium term.

Fair Value Gap, EMA Retests, and the $4,400 Target

Taking a closer look at the daily chart, a significant fair value gap exists between $1,900 and $2,800, aligning with a cluster of exponential moving averages yet to be tested. The analyst believes that addressing this gap is essential for a more fluid and sustainable rally, particularly to avoid the erratic price fluctuations experienced in early 2025.

Additional Insights

Given the current market momentum, Ethereum could easily rise above the resistance at $1,900 on the daily chart. Should this trend continue, it may also close above $1,900 on a weekly basis, fill the fair value gap, and surpass $2,800, thus confirming the ascent toward $4,000 on the weekly chart. Other notable price levels include $2,300, $4,000, and $4,900.

As of the latest update, Ethereum’s trading price stands at $1,830.

Featured image from stock resource, chart from market analysis.