Ethereum Price Target $8,500? Chart Pattern to Watch

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Ethereum nears $4,800 resistance with $8,500 target in sight as traders monitor key patterns, whale accumulation, and declining short interest.

Ethereum (ETH) is nearing key resistance levels as the market watches for a breakout. The price is trading around $2,970 at press time, showing little change over the past day.

Over the past week, ETH has gained close to 2%. Technical charts and trading activity suggest a larger move may be forming.

Market Watches $4,800 as a Decisive Level
Analyst Javon Marks has pointed to $4,800 as a major resistance zone. His earlier price call from around $1,215 to this level played out with a gain of over 300%. “Bitcoin led the way, breaking multiple resistance points,” he wrote, adding that Ethereum could follow with a move toward $8,500 if it clears the $4,800 level. That area is being treated as a natural barrier in the current trend.


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