Ethereum Price Prediction – A Breakthrough to $4,850 Would Deliver $5,000 Levels

At the time of writing, Ethereum, ETH to USD, was up by 0.15% to $4,738.75.

A mixed start to the day saw Ethereum rise to an early morning high $4,757.99 before hitting reverse.

Falling short of the first major resistance level at $4,811, Ethereum slid to an early morning low $4,655.00 before finding support.

Ethereum fell through the first major support level at $4,677 before a move back through to $4,700 levels.

For the Afternoon Ahead

Ethereum would need to move through the $4,763 pivot to take another run at the first major resistance level at $4,811.

Plenty of support would be needed, however, for Ethereum to breakout back through to $4,800 levels.

Barring an extended crypto rally through the afternoon, the first major resistance level at $4,886 and the new ATH4,842.54 would likely cap the upside.

In the event of another extended rally through the afternoon, Ethereum could test resistance at $5,000. The second major resistance level sits at $4,891.

Failure to move through the $4,763 pivot would bring the first major support level at $4,683 back into play.

Barring an extended sell-off through the afternoon, however, Ethereum should steer clear of sub-$4,600 levels.

The second major support level at $4,634 should limit the downside.

Looking beyond the support and resistance levels, we saw the 50 EMA narrow on the 100 and 200 EMAs this morning. We saw the 100 EMA pull away from the 200 EMA, however, delivering support.

Through the 2^nd half of the day, a widening of the 50 EMA from the 100 and 200 would bring $5,000 levels into play.

Key through the late morning and early afternoon, however, would be to move back through the morning ATH4,842.54.

A fall back through to sub-$4,700 levels could bring sub-$4,600 support levels into play…