**ETH Shows Strength With Potential Upside Path**



Ethereum is currently displaying notable upside momentum. Based on current market dynamics, ETH needs to retest the resistance around $5,000 level this month. The recent price action represents the first time this year we've sustained levels above $4,000, which technically increases the probability of continuation rather than a reversal to lower zones.

**Price Target Analysis**

From a technical perspective, there's meaningful upside potential ahead. Even in a bearish breakout scenario, we could see another $500 in additional upward movement before facing resistance. More importantly, if this breakout proves legitimate, there's a realistic path toward $4,900 and potentially breaking through historical highs this month. Once we crack that resistance decisively, it would signal a genuine breakout rather than another false attempt.

**Trading Strategy & Market Sentiment**

The key principle here is following market sentiment rather than fighting it. Short-term price momentum suggests being aligned with bullish positioning this month. This doesn't require holding long-term positions—tactical trading with the trend typically offers better risk-adjusted returns. The goal is capturing the move from current levels through the $5,000 resistance zone.

**Long-Term Perspective vs. Short-Term Opportunity**

While concerns exist about long-term sustainability—specifically whether the underlying application layer can expand its utility and ecosystem impact—that shouldn't prevent tactical participation in current momentum. For traders focused on near-term moves, the risk-reward setup appears favorable.

**Comparing Other Opportunities**

Interestingly, SOL has also caught attention recently. After going to sleep and waking today with existing positions, the gains have already accumulated meaningfully, suggesting strong momentum across the broader market. This reinforces the current bullish environment worth trading into during the remainder of this month.
ETH-0,8%
SOL0,39%
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