Ethereum’s rise at $ 4.9K: why the market is not yet in total mode
Ethereum makes waves again in the world of cryptocurrencies. As it approaches its maximum of March 2024 of $ 3,980, the rally is revivating enthusiasm throughout the digital asset sector. However, despite this strong price bouncing, many Ethereum holders are not seeing a corresponding increase in profits. Analysts believe that this discrepancy could be the key to an additional increase that could lead ETH to a new goal: $ 4,900.
Ethereum’s price echoes the March levels, but with lower profits
At the time of writing this article, Ethereum (ETH) quotes around $ 3,861, almost coinciding with its anterior peak of March 2024. However, this rally is different. Blockchain Analytics Platform Glassnode data indicates that despite the highest prices levels, unrealized market profits remain significantly lower than before.
 |
| Source: x |
In March, Ethereum reached what is known as the level of “standard deviation +2” (OR +2σ) in the relatively not made glassnode gains metric, a critical signal that suggests overcompro conditions and a greater euphoria in the market. Currently, Ethereum is only registering around +1σ in the same metric, pointing to more modest profits for holders.
This lack of overheated gain levels is interpreted as a sign that the rally still has space to grow. The cryptographic market, for now, seems restricted, with many investors still sitting in unrealized profits. In summary, there seems to be additional space for Ethereum to rise before reaching a psychologically or technically “exhausted” level.
Why $ 4.9K could be the real goal
So why $ 4.9K emerges as the new focal point for Ethereum merchants? It goes beyond simple price speculation. Analysts argue that $ 4,900 is the level at which the market could re -reach the +2σ deviation zone, which suggests a generalized pressure obtaining and a possible inflection point for the feeling of investors.
This level serves not only as a price milestone but as a trigger for behavior, where most investors could begin to feel that their positions are safely in green. According to experienced analysts, this is when “Smart Money” begins to get out of positions, causing domain effects throughout the market.
“We are not seeing the type of euphoric feeling that indicates a top of the market,” said Ted Pillows, a senior strategist of the OKX market. “That is really good. It tells us that this rally has more gas in the tank.”
The metrics in the chain reveal bullish potential
The absence of generalized profits suggests that Ethereum has not yet reached an overheated phase. In fact, chain metrics suggest otherwise.
March Glassnode data showed a clear peak in +2σ when ETH reached $ 3,980. Now, with Ethereum approaching once again at that level but with less general market gains, the data point to a continuous accumulation phase instead of a distribution. That, in the language of the cryptographic market, is a bullish signal.
“It is a classical configuration: the price is increasing, but the gains metrics are lagging behind,” Pillows said. “When these two finally converge, it could mean a dramatic impulse towards $ 4,900.”
Technical analysis: Ethereum price moment still positive
Looking at Ethereum’s price action, cryptocurrency has more than duplicate from its recent minimums below $ 2,000, rising sharply to test the $ 3,800 area once again. TrainingView graphics suggest a strong impulse, although decelerated.
MACD indicator
The divergence indicator of the convergence of the mobile average (MACD) remains optimistic, although the histogram has begun to flatten, indicating the deceleration impulse. A bassover crossover could lead to short -term consolidation if the purchase volume cannot be collected.
RSI Insights
The relative force index (RSI) is currently in 80.58, which firmly places it in overcompra territory. While this does not guarantee an immediate setback, it suggests caution. Overloaded RSI levels often lead to short -term pauses or minor corrections before the next highest stage.
Merchant’s feeling: Observe the confirmation of $ 4,000
The current Ethereum resistance is between $ 3,760 and $ 3,820. A rupture above $ 4,000 would not only capture the holders, but it would also act as a key technical validation.
“Crossing $ 4,000 and keeping it for several negotiation sessions would confirm the market disposition to support a movement towards $ 4,900,” said the Almows.
The $ 4,000 psychological milestone is significant. Not only marks a high territory of all revisited time, but also represents a possible trampoline towards the new maximums if the macroeconomic conditions remain favorable.
Ethereum 2025 pricing prediction: eyes in the biggest image
As Ethereum prepares for his next main update of the protocol and continues to dominate decentralized finances and NFT ecosystems, long -term projections remain highly optimistic. Market analysts closely monitor both regulatory developments and institutional interest and additional promoters.
The future of Ethereum, according to most analysts, is not just about price speculation but of utility. With the Ethereum 2.0 transition about to end and reduced gas rates through scale solutions, the network continues to attract developers and users equally.
 |
| Source: x |
“The narrative is no longer just trade,” said Maria Long, Cryptoslate Digital Assets Analyst. “Ethereum has become a platform for real world applications, and that supports its price in a more sustainable way.”
What to see below: Key levels and market feeling
In the short term, merchants will be observing to see if ETH can decisively violate the $ 4,000 barrier. If that happens, technical projections suggest the following price ranges:
-
Short -term support: $ 3,760 – $ 3,820
-
Immediate objective range: $ 4,000 – $ 4,100
-
Objective in the middle of the period: $ 4,700 – $ 4,900
-
Rupture trigger: A confirmed return to +2σ in the Glassnode Relative Relative Gains Metric
Final thoughts: Ethereum still has space to run
The recent Ethereum rally may not be triggering euphoria, but that is exactly the reason why many analysts believe it is far from finishing. Moderate gains levels suggest that most of the market continues to accumulate instead of distributing. Together with strong technical and metric configurations in the chain, Ethereum could be preparing for a break towards $ 4,900.
As always, investors are remembered to carry out their own research and remain cautious during volatile periods. Cryptocurrency markets can be unpredictable, and although the data can suggest potential, it is not a guarantee of future performance.
Writer
@Ellena
Ellena is an experienced cryptographic writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides information about the latest trends and innovations in the currency space.
See other news and articles on Google News
Discharge of responsibility:
The articles published in Hokanews are intended to provide updated information on various topics, including cryptocurrency and technology news. The content on our site is not intended to be an invitation to buy, sell or invest in any asset. We encourage readers to conduct their own research and evaluation before making an investment or financial decision.
Hokanews is not responsible for any loss or damage that may arise from the use of the information provided on this site. Investment decisions must be based on an exhaustive investigation and advice of qualified financial advisors. Information about Hokanews can change without prior notice, and we do not guarantee the precision or integrity of the published content.
