Ethereum Price Breakout Raises Fresh $5,000 Target

Ethereum remains in a multiyear ascending accumulation channel formed since 2022. ETH moved above a descending trendline that previously restricted its recovery. The immediate resistance zone sits between $1,950 and $2,150. Fibonacci resistance levels appear near $2,501, $2,970, and $3,349. Analysts identify $5,000 and $6,941.60 as major long-term targets.