Ethereum Holds Steady as Analysts Point to New Highs Above $5,200

Ethereum rebounds from repeated fakeouts, supporting strong buyer interest around the $4,250–$4,300 support zone.

IncomeSharks identifies disciplined “Selling 10%” profit taking near resistance levels, showing controlled market participation.

The Great Mattsby expects a move toward $5,200 if Ethereum maintains stability above the $4,350 support range.

Ethereum is showing firm strength near key support levels, with analysts noting its steady recovery from repeated pullbacks. According to IncomeSharks, the recent decline was only a retest of support, noting that “when people are this afraid of red candles, you know higher is still on the table.”

The comment comes as ETH is resilient above $4,300, where previous dips have consistently attracted buyers. This behavior suggests that despite profit taking at higher ranges, market confidence in Ethereum’s upward structure is intact.

Key Support Zones

Ethereum’s recent behavior shows a pattern of “fakeout, support reclaimed” phases, where brief dips below support quickly reversed. These instances occurred near $2,300, $3,300, and most recently between $3,900 and $4,000

Source: IncomeSharks on X

Each recovery from these zones led to strong rebounds, indicating consistent demand and suggesting that buyers continue to defend these price levels aggressively. This accumulation pattern aligns with institutional behavior, where temporary weakness precedes renewed upward movement

The repeated rebounds at these zones have now established $4,250–$4,300 as a key support area. Holding this region could sustain Ethereum’s bullish structure, while a drop below might invite a deeper retracement toward $3,900.

Strategic Profit Taking

IncomeSharks’ analysis also noted recurring “Selling 10%” points, strategic exits during rallies to secure gains while staying exposed. These actions appeared near $3,600, $4,400, $4,800, and recently around $4,700–$4,800. This recurring pattern shows a disciplined trading approach amid strong market momentum.

ETH faces persistent resistance near $4,750, where sellers have repeatedly taken profits. However, if the asset maintains strength above $4,250, the prevailing bullish momentum could reassert itself, setting up the next major leg higher.

Potential Break Toward $5,200 and Beyond

Adding to the outlook, analyst The Great Mattsby stated that Ethereum “looks primed to break into all time high territory,” emphasizing that stability above the $4,350s is key. He noted that as long as this zone holds as support, a move toward $5,200 remains within reach.

Above the current resistance, the broader target range between $5,500 and $6,500 stands out as a potential upside zone. This level represents an area of bullish interest should ETH manage to close firmly above $4,800. Together, these insights indicate a market still leaning toward strength, supported by resilient demand and disciplined profit taking behavior.

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