Ethereum Price combines the highest ever heights and holds critical support at $3,900. If this zone is retained, the price action could accelerate towards the Fibonacci expansion target at $5,790.
summary
- Key Support: $3,900 will serve as key support after Ethereum breaks out beyond its all-time high.
- Bullish structure: Higher values enhance the continued potential.
- Upward Goal: Sustainable demand can drive ETH towards the $5,790 Fibonacci expansion goal.
The breakouts above Ethereum’s record highs have transformed the market structure into a decisive and bullish territory. Price Action is now integrated, with $3,900 emerging as key support that needs to be protected. Traders are closely monitoring this level. A successful retest will allow you to check the structural strength and open another leg door.
Major Ethereum pricing technology points:
- Important support for $3,900: Holding this level will validate bullish retest after breaking an all-time high.
- Market structure remains bullish: Higher highs and higher lowest values confirm the momentum of the continuous upward.
- A $5,790 goal: The Fibonacci extension provides the following technical goals when integrations are resolved upwards:
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Ethusdt (2W) Chart, Source: TradingView
Ethereum’s current positioning is extremely important. After exceeding previous highs, the market entered into consolidation, with the $3,900 region serving as the first major test of new support. This level is important as it represents the previous resistance that has now been inverted to support, a dynamic that strengthens the continuation of the trend. The hold here validates bullish intentions and provides the basis for the next stage of expansion for Ethereum.
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Structurally, Ethereum remains a well-defined bull market. The presence of consecutive highs and higher lows emphasizes strong momentum and ensures that buyers continue to control. As long as the $3,900 level is respected, the ETH trend remains intact and the probability of continuing will increase dramatically. Traders are looking for such a clean retest like the best ever broken, like a key signal that assets are being prepared for another gathering.
The $5,790 Fibonacci extension serves as the next technical upside target: This level is not only a measured moving projection, but also coincides with the broader market narrative of Ethereum’s growth intensity. To maintain this level of rally, ETH requires volume checks.
Bullish influx is essential to driving momentum, as volumeless integration often leads to false breakouts. Surveillance demand in the support zone provides the most clear indication of whether Ethereum is being prepared for this expanded move.
What to expect from future price action
Ethereum may integrate $3,900 in support for days or weeks before starting the next move. A confirmed bullish retest backed by volume establishes the basis for the rally to $5,790. However, if you don’t hold $3,900, you can weaken your momentum and cause a deeper corrective phase.
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