Ethereum May Have Broken Out Above $4,560 as Golden Cross Points to Targets Near $4,765

• Ethereum broke out of a falling wedge and pushed to $4,627.71 with a measured target near $4,765.

• Immediate support sits at $4,560; deeper support is $4,380–$4,400, while resistance is at $4,700 and $4,765.

• Analyst Giannis Andreou notes a 3-day Golden Cross repeating patterns from 2020 and 2023 that preceded major rallies.

Ethereum breakout confirmed above $4,560 with target near $4,765 and Golden Cross momentum; read targets, supports, and actionable insights.

What is the Ethereum breakout and its immediate targets?

Ethereum breakout refers to ETH moving decisively above the $4,560 resistance zone after a falling-wedge consolidation, signaling renewed buying momentum. The measured upside target from the breakout is approximately $4,765, with near-term resistance at $4,700 and critical support at $4,560 and $4,380–$4,400.

How does the Golden Cross affect Ethereum’s trend?

The recent three-day Golden Cross — the 50-day SMA crossing above the 200-day SMA — strengthens the long-term bullish bias. Analyst Giannis Andreou highlights similar crossovers in 2020 and 2023 that preceded substantial rallies, adding historical context to the current momentum and elevating the probability of continuation.

Ethereum confirms a bullish breakout above $4,560 with momentum supported by a Golden Cross and upside targets near $4,765.

• Ethereum broke out of a falling wedge, pushing price to $4,627.71 and with a measured target near $4,765.
• Support now is at $4,560 and $4,380–$4,400, while resistance levels are seen at $4,700 and $4,765.
• Analyst Giannis Andreou notes a 3D Golden Cross, repeating patterns from 2020 and 2023 that preceded major rallies.

Ethereum has confirmed a bullish breakout after consolidating inside a falling wedge formation. Prices trended lower between two converging trendlines — a corrective structure — before bulls pushed ETH above the key $4,560 zone.

The breakout printed near $4,627 at press time with consecutive bullish hourly candles that indicate renewed buying momentum after a period of tightening prices. Volume confirmation on hourly frames favors continuation while the daily view aligns with a strengthening medium-term trend.

Breakout targets and support zones

Following the breakout, ETH’s chart projects a measured target of roughly $4,765, representing about a 4.5% upside from the breakout level. The first line of defense for bulls is the $4,560 breakout area, which becomes the key retest level for continuation.

Deeper support sits between $4,380 and $4,400, aligned with the lower boundary of the prior wedge. As long as ETH holds above $4,560, bullish continuation is the favored scenario. Upside pressure is likely to face selling interest near $4,700 and again around the $4,765 measured target.

Why does momentum favor continuation?

Momentum indicators on hourly and daily frames show strengthening bullish readings. The Golden Cross adds a long-term trend overlay that historically coincided with extended rallies. Additional catalysts include institutional flows into ETH-linked products and growing narrative roles for ETH in DeFi and AI infrastructure discussions.

Analyst commentary (Giannis Andreou) points to repeated historical patterns: a 2020 crossover that eventually led from sub-$200 to multi-thousand-dollar levels, and a 2023 crossover that preceded the move from ~$1,600 to ~$4,000. While history does not guarantee outcomes, these parallels bolster the bullish technical case.

Frequently Asked Questions

What are the immediate support and resistance levels for ETH?

Immediate support is at $4,560 (breakout area); deeper support lies at $4,380–$4,400. Near-term resistance is at $4,700 with a measured target near $4,765 where selling pressure may increase.

How reliable is a Golden Cross for predicting rallies?

A Golden Cross is a widely watched long-term technical signal that suggests a shift to bullish momentum when the 50-day SMA crosses above the 200-day SMA. It has historically aligned with sizable rallies for ETH but should be used with other confirmations like volume and price structure.

When should traders watch for a failed breakout?

Watch for price reclaiming below $4,560 on strong volume or multiple daily closes under $4,560. A decisive retest failure and move beneath $4,400 would shift the outlook and increase downside risk.

Key Takeaways

• Breakout confirmed: ETH cleared $4,560, targeting $4,765.
• Support/resistance: Support $4,560 and $4,380–$4,400; resistance $4,700 and $4,765.
• Momentum signal: 3-day Golden Cross adds long-term bullish context; monitor volume and retests.

Conclusion

Ethereum’s breakout above $4,560, backed by a 3-day Golden Cross and hourly momentum, points to a near-term target around $4,765 while preserving support at $4,560 and $4,380–$4,400. Traders should watch retest behavior and volume; sustained strength could open the path to higher psychological levels such as $5,000. For continuing coverage, see COINOTAG updates.