Ethereum Price Forecast: Bullish Structure Creates Pressure for a Breakout at $4,060

Ethereum Shows Strong Bullish Momentum Below $2,800 Resistance

Ethereum is showing strong bullish momentum beneath the key $2,800 resistance level, with consolidation supported by higher lows and critical moving averages. If price breaks above this level, the next upside target lies at $4,060, marking a potential 43% gain.

Current Market Analysis

Ethereum (ETH) is demonstrating strong bullish momentum just below the high-timeframe resistance level at $2,800. The price has continued to form higher lows despite a recent rejection from the 200-day moving average.

Consolidation is supported by the 21-day exponential moving average, indicating buyers remain active on dips. If Ethereum breaks above $2,800 with volume confirmation, the next upside target sits at $4,060, a move that would represent a potential 43 percent gain from current levels.

Key Technical Points

• Support Holding at 21EMA: Ethereum has respected the 21-day exponential moving average throughout its recent consolidation phase, signaling strength.
• $2,800 Resistance Is Key: This level is the major overhead hurdle. A confirmed breakout above it would clear the way for further upside.
• Upside Target at $4,060: The next major resistance lies at $4,060, representing a potential 43% rally from current levels.

Ethereum has gained 4.47 percent in recent sessions, forming a clear series of higher lows. This bullish structure, building just below a major resistance level, is typically a sign of mounting pressure and potential breakout energy.

The 21EMA continues to provide dynamic support, with price repeatedly bouncing off this moving average. Despite the earlier rejection at the 200-day moving average, ETH established a new higher low, reinforcing its bullish structure.

Price remains compressed beneath the $2,800 resistance. A break and sustained close above this level, especially with strong volume, could catalyze a rapid move toward $4,060. There is little resistance between these two price zones, which further supports the possibility of a swift rally once the breakout is confirmed.

What to Expect in the Coming Price Action

If Ethereum maintains its current bullish structure and breaks above the $2,800 resistance with solid volume confirmation, a rally toward the $4,060 level becomes increasingly likely. Traders should look for continued higher lows and a strong daily candle close above resistance to validate the breakout.