Ethereum breakout brings $4,000 back into view amid momentum warning

Beincrypto reported that Ethereum has broken out of a cup-and-handle pattern on the 12‑hour chart with expanding volume, pushing the $4,000 level back onto the technical roadmap and lifting the price nearly 7% over the past 24 hours.

The outlet says the breakout cleared a slightly downward‑sloping neckline on January 13 and came with expanding green volume, which suggests buyer participation rather than thin liquidity. Measured from the cup base, the pattern projects toward about $4,010. At the same time, a developing bearish divergence in the 12‑hour RSI between January 6 and January 14 could signal weakening momentum, and short‑term holder NUPL has risen to its highest level in roughly two months while spent coins in the 30–60 day band have dropped nearly 80% over the past 24 hours.

Key levels to watch are holding above $3,250–$3,270 to keep the breakout intact and a sustained move above $3,360–$3,380 to likely nullify the RSI risk and let momentum rebuild toward $3,580, $3,910 and the $4,000–$4,010 area; a failure below $3,250 would put $3,180 and $3,050 into focus. The article notes this analysis is for informational purposes only and should not be considered financial or investment advice.

Key Topics

Crypto, Ethereum, Relative Strength Index, Nupl, Glassnode, Santiment