{"id":127478,"date":"2026-01-15T19:30:07","date_gmt":"2026-01-15T19:30:07","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=127478"},"modified":"2026-01-15T19:30:07","modified_gmt":"2026-01-15T19:30:07","slug":"ethereum-chart-turns-bullish-new-cycle-energy-points-to-5000","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=127478","title":{"rendered":"Ethereum Chart Turns Bullish: New Cycle Energy Points To $5,000"},"content":{"rendered":"

Ethereum is back to trading just above $3,300 per ETH in a slow bullish extension over the past week. After months of wide swings <\/a>and failed follow-throughs above $3,000, the structure on the monthly timeframe chart is beginning to look bullish in a way that traders should take seriously.\u00a0<\/a><\/p>\n

A recent technical breakdown <\/a>shared by Merlijn The Trader on X shows that Ethereum is approaching a moment where consolidation could give way to forceful expansion, with $5,000 as the most important inflection point.<\/p>\n

Bullish Pennant Says Bullish Momentum About To Be Unlocked<\/h2>\n

The chart showing the technical analysis from Merlijn shows a bullish pennant forming on Ethereum\u2019s monthly timeframe. This bullish pennant shows that price action has been compressing between a rising support line and a descending resistance line, and this has created a narrowing structure since 2021.\u00a0<\/p>\n

Ethereum briefly pushed above the upper boundary of this pennant in 2025, rallying to just under the $5,000 mark before momentum faded and corrective moves followed. Since then, price action appears to be gravitating back toward the former resistance line, now acting as a key area of interest. As it stands, Ethereum is now retesting the upper trendline of this bullish pennant for a final upward move.<\/p>\n

Based on this projection, the first major barrier for Ethereum to break is around $3,300. A clean break above that level would likely open a path toward $3,600, an area that previously acted as a turning point during past rallies. The most consequential zone, however, is around the August 2025 all-time high of $5,000. A break above this zone would unlock bullish momentum based on the bullish pennant and play out in the majority of 2026.<\/a><\/p>\n

How Can This Breakout Play Out?<\/h2>\n

Merlijn\u2019s chart doesn\u2019t stop at the breakout trigger once it breaks above the upper trendline of the pennant. It sketches a full road map for how the move could unfold once Ethereum leaves the pennant. The first step in that projection is a push above $3,600<\/a> before a more meaningful test around $5,000. Once Ethereum is able to break above $5,000, then the door is open for new price highs.\u00a0<\/p>\n

However, the breakout is expected to come with volatility and retests, <\/a>not a straight line upward, but still resolves higher if the pennant thesis holds.<\/p>\n

From $5,000, the projection turns into a two-stage expansion. The first stage shows a force move, where Ethereum goes on a rally to as high as $6,000, then chops through another sharp dip to $4,000 and another recovery sequence before the larger leg higher. The larger leg, higher projected on the chart, points to $8,400 as the final price target zone for Ethereum.<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum is back to trading just above $3,300 per ETH in a slow bullish extension over the past week. After months of wide swings and failed follow-throughs above $3,000, the structure on the monthly timeframe chart is beginning to look bullish in a way that traders should take seriously.\u00a0 A recent technical breakdown shared by […]<\/p>\n","protected":false},"author":0,"featured_media":127479,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-127478","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/127478"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=127478"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/127478\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/127479"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127478"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}