Analyst Believes Ethereum’s Dominance Positions Ether to Climb Beyond $5,000

Ether Tightens Range After Upper-Band Rejection; Traders Eye $3,880 Break

Ether (ETH) advanced on heavier-than-average trading volume before slipping late in the session, as sellers defended resistance near $3,880 — tightening the short-term range and leaving clear checkpoints above and below current levels, according to CoinDesk Research’s technical model.

Market performance: ETH rose 1.50% to $3,822.60 with trading volume up 19% versus the seven-day average, signaling solid participation. The token traded between $3,771.27 and $3,822.78, forming higher lows before fading into the close.

Analyst view: Crypto analyst Michaël van de Poppe said on X that Ethereum remains “the best ecosystem to invest in,” adding that ether appears close to a push toward new all-time highs above $5,000. He cited developer activity, network effects, and product growth as key drivers of long-term strength.

Chart setup: The CoinDesk model shows buyers active through midday, but sellers still defending the $3,860–$3,880 resistance band. A reclaim and hold above $3,880—and especially above the $3,887.35 session high—would confirm momentum shifting back to bulls.
Support sits in the $3,680–$3,720 zone, which absorbed early weakness.

Volume trends:

• Advance: 446.7K ETH traded at 2 p.m. UTC marked the day’s momentum peak as price touched $3,887.35.
• Late session: A –1.3% fade from $3,869 to $3,820 on 21.8K volume (six times average for that phase) highlighted late selling pressure.

Pattern summary:

• Uptrend with caution: Higher lows sustained the advance, but the late-session lower high signals lingering supply near $3,880.
• Range frame: $3,730–$3,880 defines the near-term channel, with $3,720–$3,680 as key downside checkpoints.

Next proof points:

• Bullish: A firm reclaim of $3,880 would reopen the $3,887.35 high and put record territory in view.
• Bearish: A break below $3,720 exposes $3,680, where buyers last re-emerged.

Broader context: The CoinDesk 5 Index (CD5) climbed from $1,878.33 to $1,924.98 before settling back to $1,901.52, reflecting profit-taking into resistance across large-cap assets.