ETH News: Bulls Seize Control - Can Ethereum Smash $4,800 After Holding Key Support?

The cryptocurrency market has been watching Ethereum closely as it navigates crucial price levels that could determine its next major move. With institutional interest growing and technical patterns aligning, ETH finds itself at a pivotal moment that could either spark a significant rally or lead to consolidation at current levels.

ETH Price Defends Critical Liquidity Zone

Ethereum has demonstrated remarkable strength in recent trading sessions, successfully defending a crucial support area that many analysts had flagged as make-or-break territory. According to famous trader, ETH managed to hold the $4,200 liquidity zone and subsequently triggered consecutive Break of Structure (BOS) signals, which many interpret as confirmation of renewed bullish momentum.

Currently trading at $4,731, Ethereum briefly touched a session high of $4,831 before pulling back slightly. This price action has encouraged bulls who see the defense of $4,200 as validation that the broader uptrend remains intact.

The successful defense of this key level has shifted market sentiment, with many traders now focusing on whether ETH can maintain its position above $4,700 to fuel further upside momentum.

Testing the Waters: Rally or Liquidity Trap?

The million-dollar question facing Ethereum traders is whether this recent price action signals the start of a sustained bull run or merely represents another liquidity grab before a potential reversal. Market participants are closely monitoring the $4,800–$4,850 resistance zone, which many view as the gateway to higher targets.

A decisive break above this resistance could open the door to the $5,200–$5,500 range, where previous highs and psychological levels converge. However, failure to overcome this barrier might force ETH back down to retest the $4,200 support zone, potentially creating a larger consolidation pattern.

For now, the technical structure appears to favor buyers, but only as long as the price maintains its position above the critical $4,200 threshold that has proven so important in recent sessions.