Ethereum is retesting a falling-wedge breakout after rallying from $4,200 to $4,391; a sustained move above $4,500 would likely propel ETH toward $5,100 and potential new all‑time highs, supported by robust DeFi activity and a $150B stablecoin supply.
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ETH retested breakout support near $4,200–$4,391 after leaving a falling wedge.
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Analysts watch $4,500 as the decisive level; a close above it targets $5,100 and higher.
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On‑chain metrics show $91.85B TVL in DeFi and ~$150.30B stablecoin supply, underpinning market structure.
Ethereum price retest: Ethereum price eyes $4,500 breakout toward $5,100—read concise market levels and on‑chain signals. Stay informed with COINOTAG.
What is driving Ethereum’s current breakout and retest?
Ethereum price broke out of a falling wedge and is retesting the pattern as support after consolidating near $4,200–$4,391. Strong DeFi on‑chain activity and a growing stablecoin supply are reinforcing the bullish market structure and the likelihood of a follow‑through if $4,500 is reclaimed.
How likely is ETH to push past $4,500 toward $5,100?
Market structure makes $4,500 a decisive pivot: sustained closes above that level typically trigger momentum runs. Analysts surveyed noted targets toward $5,100 and higher if buyers hold the retest, while failure to hold wedge support near $4,200 could force a deeper consolidation.
Ethereum trades at $4,391 after a falling wedge breakout, with analysts watching $4,500 as the key level toward $5,100 and new highs.
- Ethereum broke out of a falling wedge and is retesting support near $4,200–$4,391.
- Analysts watch $4,500 as the decisive breakout level, with targets toward $5,100 and new highs.
- Strong DeFi activity and $150B stablecoin supply reinforce Ethereum’s bullish market structure.
Ethereum has left a falling wedge pattern and is testing the breakout as new support. At the time of reporting, ETH was trading at $4,391, consolidating below the $4,500 pivot. A clean push and daily close above $4,500 would open paths toward $5,100 and potential record levels.
Why is the breakout retest important for Ethereum?
Retests confirm where previous resistance becomes support; for ETH, the $4,200 area served as a recurring buy zone. Confirmed support increases probability of trend continuation and reduces the chance of a false breakout, signaling institutional and retail re‑entry.
Ethereum Retests the Breakout Zone
Price action from mid‑July through early September showed a strong advance, followed by corrective consolidation. Observers noted that ETH advanced in late July into mid‑August, reaching resistance near the $4,800–$5,000 area before retracing to form a descending wedge.
CryptoJelleNL noted that $ETH broke out of the falling wedge and is retesting it. Push through $4500 from here, and new all‑time highs are next. pic.twitter.com/i4ggMv33wa
— Jelle (@CryptoJelleNL) September 4, 2025
The market then retraced and formed a descending wedge with lower highs and lower lows. Buyers consistently entered near $4,200 to prevent deeper declines. Ethereum subsequently broke above wedge resistance, confirming a bullish breakout and prompting the current retest.
Market data show the breakout began after consolidation near $4,200 and the subsequent rally to the current band. Traders emphasize that the retest of wedge resistance as support is critical for continuation toward higher targets.
What are the key levels and on‑chain metrics to watch?
Ethereum trades near $4,391 inside a consolidation band. Observers note $4,089 shifted from resistance to support, with a consolidation range below the 2021 high near $4,864. A decisive close above $4,500 is required for momentum to target $5,100.
Traders continue to monitor $4,500 closely. Data show Ethereum maintains strong on‑chain activity, with DeFi total value locked around $91.85 billion. Stablecoin supply on the broader network is approximately $150.30 billion, which supports liquidity and market depth for potential rallies.
Frequently Asked Questions
What happens if ETH fails the retest near $4,200?
If support near $4,200 fails, traders may see deeper consolidation toward lower bands and increased volatility. A failed retest raises the probability of range trading until a new catalyst emerges.
How should traders manage risk around the $4,500 level?
Use segmented position sizing, set stop‑losses below the retest zone, and consider trailing stops on confirmed breakouts. Prioritize capital preservation and keep position sizes aligned with risk tolerance.
Key Takeaways
- Retest confirmed: ETH is retesting a falling‑wedge breakout near $4,200–$4,391.
- Decisive pivot: $4,500 is the key level; a sustained push above targets $5,100.
- On‑chain support: $91.85B DeFi TVL and ~$150.30B stablecoin supply underpin liquidity and bullish structure.
Conclusion
Ethereum’s breakout and current retest provide a clear framework for monitoring the next directional move. With strong DeFi activity and large stablecoin supply supporting liquidity, a confirmed close above $4,500 would likely accelerate momentum toward $5,100 and beyond. Follow COINOTAG for updates and data‑driven coverage.
