Ethereum Surges 24% After Breaking Key Resistance, Eyes $4,956 Target and $2,150 Support

Ethereum has rallied 24% in just over a week, breaking through a key resistance zone on strong volume, with analysts now eyeing a potential move toward $4,956 while monitoring downside risk. Max Trades noted the 8-day vertical rally came without meaningful pullbacks and flagged $2,150—a former range high aligned with a Fibonacci retracement and above the weekly open—as a primary long re-entry area, with invalidation below $2,080 near the Fibonacci Golden Pocket. Kamile Uray highlighted that ETH's breakout above charted resistance with notable volume contrasts with Bitcoin's lack of a similar move, adding that a sustained 4-hour close above $2,475 would confirm further upside, while targets cluster around $3,445 and $4,956 as key resistance levels.