ETH Bulls Just Flipped the Script: Will $4,855 Be the Next Victory?

Something significant just happened with Ethereum that has crypto traders sitting up and taking notice. The world's second-largest cryptocurrency pulled off a classic technical move that could set the stage for its next major rally.

ETH Price Transforms Resistance Into Rock-Solid Support

Today's action tells the whole story: an intraday high of $4,364.19 shows bulls flexing their muscles, while the low of $4,062.24 demonstrates that dip buyers are stepping in aggressively. This kind of price action screams institutional accumulation.

What makes this move particularly impressive is how cleanly ETH broke through and held above $4,324. In crypto trading, when a major resistance level gets flipped into support this convincingly, it often signals the start of something bigger.

Next Stop: ETH Eyes $4,855 Resistance Level

Now comes the moment of truth. Ethereum has its sights set on $4,855.60 – the next major resistance that could determine whether this rally has real legs or runs out of steam.

If ETH manages to punch through $4,855 with volume, we're looking at potential new highs territory. That's the kind of breakout that can trigger FOMO buying and send prices parabolic.

But here's the flip side: if Ethereum can't hold above that critical $4,324 support, traders know exactly where this is heading – straight back to the psychological $4,000 battleground. It's a classic make-or-break setup that has crypto enthusiasts glued to their screens.