Ethereum price today is trading around $4,561 after a volatile week that saw the token reject near $4,800 resistance. The move follows a powerful recovery from June lows, with ETH breaking out of a long-term descending broadening wedge on the weekly chart. This breakout pattern typically signals the end of a prolonged consolidation and the start of a stronger upward cycle. Market sentiment remains divided. Some traders see ETH’s pullback as routine profit-taking after its sharp run from $3,200, while others worry about heavy spot inflows to exchanges that could weigh on price action. The immediate question is whether Ethereum can stabilize above $4,500 and retest the $4,800 barrier. Ethereum Price Holds Firm as Breakout Structure Develops ETH price dynamics (Source: TradingView) The weekly chart highlights Ethereum’s breakout from a descending broadening wedge, with price now consolidating just above the prior breakout zone around $4,200–$4,300. Historically, these structures often precede strong continuation phases, provided support levels hold. ETH price dynamics (Source: TradingView) On the 4H chart, ETH trades within a rising parallel channel, w… The post Ethereum Price Prediction: Can ETH Break $4,800 Resistance and Rally Toward $6,000? appeared first on Coin Edition .
