Ethereum Price Surges Past $4,500 as Bulls Eye the $5,000 Milestone

Ethereum (ETH) has extended its bullish momentum, breaking above the $4,500 mark and inching closer to its all-time high. As the second-largest cryptocurrency by market capitalization, Ethereum’s latest rally signals strong investor confidence and renewed optimism across the crypto market. However, whether ETH can surpass the psychological $5,000 barrier will depend on sustaining current technical strength and market sentiment.

Data shows that approximately 97% of all Ethereum addresses are now in profit — a level that has historically indicated potential short-term market tops as investors look to secure gains. Yet, this cycle seems different. Despite entering what analysts call the “profit saturation zone,” ETH has maintained its upward trajectory, hinting at a shift in investor behavior. Many holders appear confident in Ethereum’s long-term potential, choosing to hold rather than sell, reducing overall selling pressure.

Technical indicators also reinforce Ethereum’s bullish outlook. The Moving Average Convergence Divergence (MACD) recently confirmed a bullish crossover, signaling renewed upward momentum. The expanding MACD histogram further supports this trend, suggesting that ETH could attract more institutional inflows if momentum continues. A sustained move above $4,500 is crucial to building confidence for the next leg higher.

Currently trading near $4,523, Ethereum faces immediate resistance at $4,775. A breakout above this level could pave the way toward retesting its previous all-time high of $4,956 — and potentially breaking the $5,000 mark. However, if profit-taking intensifies, ETH could lose ground, with a potential retracement to $4,222 invalidating the short-term bullish setup.

As Ethereum continues to show strength, market participants will be closely watching whether this rally evolves into a historic breakout or pauses for consolidation.