{"content":"🔥 Ethereum Eyes $4,000 — Will This Be the Breakout or Breakdown Point? Ethereum prices rose 4.6% to $2,634 before retracing. The popular cryptocurrency has gained 61.92% in the previous month, following the crypto market's positive trend. Price patterns suggest Ethereum will face a key test near $4,000, which may counteract or justify the current price advance. ETH Must Overcome Long-Standing Resistance To Spark Mega Rally In an X post on May 16, OKC partner and crypto expert Ted Pillows noted a significant Ethereum price milestone within the bull run. From $1400 to $2,600 in the previous few weeks, ETH has surged over 60%. Due to its expanding chart pattern and market fundamentals, the cryptocurrency is anticipated to continue rising. Ted Pillows says $4,000 is a critical price area for ETH bulls based on historical evidence. Since Q3 2020, Ethereum has traded in a gigantic symmetrical triangle for almost 1,500 days. The $4,000 price level is slightly below the triangle's top threshold, preventing additional price advances. Ethereum was rejected three times at $4,000 in 2024, despite market upswings, raising questions about its long-term viability. If ETH bulls can maintain market demand, this big resistance level may be tested again. Ethereum must break $4,000 to join a crypto bull run and altseason, turning this price zone into a support level that might enhance the market structure with bullish goals as high as $12,000. However, another rejection at this resistance zone might cause ETH to correct below $1,700, the bottom border of the symmetrical triangle. In other developments, institutional investors remain interested in ETH. Ted Pillows notes in a separate X article that UK investment fund Abraxas Capital currently possesses 257,165 ETH worth $655 million after a few days of buildup. Institutional investments show significant demand from established financial institutions with substantial liquidity, indicating long-term profitability for the ETH market. Crypto's biggest cryptocurrency trades at $2,490, up 6.95% in a week. #ETH $ETH ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025052025/05/18/23cace050e814f12b9372583f022fd8e.png"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}