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Ethereum holds key support, eyes $10K target if it breaks $4,800 resistance

Technical Signals
22 May 2026
Coinpaper
View Source
Neutral
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Ethereum is maintaining its long-term rising support line despite trading well below its previous high near $4,800 to $5,000. A weekly breakout above the short descending trendline and reclaiming the $4,800 resistance zone are crucial for confirming a bullish recovery. If Ethereum succeeds, it could retest old highs and potentially move toward a $10,000 target. However, momentum indicators like RSI show that bullish strength is not yet fully confirmed, and losing the current support could weaken the outlook.

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