Ethereum (ETH) aims for a new milestone within 11 months, targeting $5,000. Its highest value this year was $4,100 in March, and breaking past key levels is critical.

Key Levels to Watch

• $3,590: Current resistance. A breakout could turn it into support.
• $3,800: Breaking this resistance clears the path toward $4,000 and beyond.

Indicators and Trend

• SMA: Signals a potential trend reversal.
• RSI: Exiting oversold territory suggests upward momentum.

ETH remains in a downtrend, as no higher high has formed yet, but conditions for an uptrend are building.

Conclusion

Stabilization above $3,800 and re-testing $4,100 could pave the way to $5,000, supported by staking incentives and favorable market conditions. Watch for reactions at $3,590 and $3,800 for further signals.