The Ethereum price has been in a crucial , with analysts closely watching the next big move. After reclaiming the $4,500 level, the cryptocurrency is now facing one last obstacle before potentially breaking into uncharted territory. Crypto market expert Ted Pillows has set Ethereum’s next price target at $5,000, signaling a potential .

Ethereum Price Faces Major Hurdle Before $5,000

In a recent technical analysis published on X social media, Pillows that Ethereum has successfully level, a point that had previously been a stumbling block for bulls. Now, the market is laser-focused on its next price hurdle at $4,880, which has emerged as the final barrier before a . 

According to his price chart, a daily candle close above the $4,880 resistance could open the doors to a fresh all-time high and quickly accelerate Ethereum’s momentum toward the $5,000 milestone. Just last month, ETH shocked the market by and climbing past $4,900. Now, the cryptocurrency looks ready for its next big move, with Pillows confirming $5,000 as the short-term target. 

Ethereum’s struggle around the $4,880 level comes from at this point in previous sessions. Each rejection has reinforced $4,880 as a strong resistance, making it the decisive point for bulls to conquer. A clean break above it could invalidate and potentially trigger an influx of buying volume.

However, if Ethereum once again fails to hold above this level, the price could retreat to lower supports. Pillows identified the $4,200 – $4,400 range as the primary demand zone where buyers could step back in. This area has historically provided strong support and could act as a springboard for another attempt to retest the resistance. 

ETH Rejected At $4,650 But Holds Support

In a follow-up analysis, Pillows that Ethereum , making its path to reach the $4,880 resistance even more difficult. The rejection at $4,650 has raised concerns of a , with the $4,500 region now being the key support to watch. 

If ETH holds above $4,500 and gains , Pillows suggests that another attempt at reclaiming $4,650 could occur, potentially setting the stage for the long-awaited $4,880 breakout. On the downside, Ethereum strong structural support between $3,800 and $4,000. This range has acted as a crucial demand zone during past corrections, and enabling bulls to re-accumulate. 

For longer-term investors, Pillows noted that this support zone presents a significant . He said that if ETH declines to this level, many altcoins would also enter attractive discount zones, presenting broader accumulation opportunities across the market.