Ethereum near $4,800 resistance with $5,000 breakout watch and $8,500 target

At press time, Ethereum trades around $2,970 after gaining close to 2% over the past week. Analysts highlight $4,800 as a key barrier, with scenarios pointing to $5,000 on a daily breakout and a potential path toward $8,500 if resistance gives way. Short interest has eased while traders track support at $2,800 and nearby inflection levels.