The second-largest cryptocurrency by market capitalization is displaying strong technical and sentiment-driven momentum, suggesting that a major breakout could be imminent.

Ethereum Holders Stay Confident Despite Profit Saturation

On-chain data reveals that roughly 97% of Ethereum addresses are currently in profit. Historically, when this number exceeds 95%, markets often experience pullbacks as traders secure gains.

However, this time appears different. Despite entering the so-called “profit saturation zone”, Ethereum’s price has held firm above key supports, indicating that long-term holders are resisting the urge to sell.

Notably, Ethereum has room to climb higher, a sign of maturing market behavior. The broader bullish sentiment across the crypto market has provided additional support, allowing ETH to maintain its uptrend.

ETH Price Analysis: Rising Wedge Signals a Big Move Ahead

The 3-hour ETH chart shows price action consolidating within a rising wedge pattern. This setup often precedes an explosive move, and the direction will depend on how Ethereum reacts at the wedge boundaries.

If bulls manage to sustain momentum above the $4,500–$4,600 resistance zone, ETH could break upward toward the next major target at $5,000, representing a 9.3% gain from current levels.

However, if Ethereum fails to hold above $4,450, a bearish breakdown from the wedge could trigger a correction toward the $3,850–$3,900 zone, marking a potential 14.4% downside.

Source: TradingView

Indicators Turn Bullish: MACD and RSI Support the Rally

The MACD indicator has flipped bullish, with the MACD line crossing above the signal line, indicating rising momentum. This crossover often precedes strong price expansions, especially when confirmed by volume.

The Relative Strength Index (RSI) currently sits near 63, suggesting that ETH is not yet overbought. This leaves ample room for another leg upward before facing major resistance.

As long as the RSI remains below 70 and the MACD maintains its upward trajectory, Ethereum’s short-term outlook remains firmly bullish.

ETH Poised for a Major Move

Ethereum is at a crucial inflection point. A decisive break above $4,600 could quickly propel prices toward the psychological $5,000 level, while failure to hold current support may invite a steep pullback.

With the MACD turning bullish and investors showing strong conviction, the probability of an upside breakout appears higher.

ETH Set to Explode – But Bitcoin Hyper’s Presale Is Moving Even Faster

With Ethereum preparing for a major rally, Bitcoin Hyper ($HYPER) is quickly becoming one of the most talked-about names in the Bitcoin ecosystem.

The project has already raised over $21.7 million in its presale, with just 1 day left before the next price increase.

Bitcoin Hyper is creating a faster, cheaper version of Bitcoin using the same technology that powers Solana – one of the fastest blockchains in the world.

By combining Solana’s speed with Bitcoin’s security, Bitcoin Hyper aims to bring meme coins, DeFi apps, NFTs, and blockchain games to the Bitcoin ecosystem for the first time.

No more high fees or slow transactions – users will be able to move funds and use apps instantly, with the $HYPER token powering everything from payments to staking.

Early supporters are being rewarded with attractive staking returns of up to 55% APY during the presale, which helps strengthen the project’s growing community.

To buy $HYPER before the price increase, simply visit the official Bitcoin Hyper website and connect a supported wallet, like Best Wallet.

You can swap existing crypto or use a debit/credit card to complete the transaction.

Buy $HYPER Here.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

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Parth Dubey

A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.

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