--- title: "Bitcoin Tops $80,000 After A 3-Month Wait—What Happens To Ethereum Next?" type: "News" locale: "en" url: "https://longbridge.com/en/news/285053580.md" description: "Bitcoin has surpassed $80,000 after a three-month wait, prompting a bullish outlook for Ethereum (ETH). Analyst Ali Martinez predicts a breakout for ETH if it closes above the resistance level of $2,375, which has historically caused rejections. A failure to breach this level may lead to a drop to $2,210, while a successful close could target $2,550. The derivatives market is heating up, with ETH futures open interest rising 8.13%. Currently, ETH is trading at $2,358.63, up 2.14% in the last 24 hours." datetime: "2026-05-04T09:31:45.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285053580.md) - [en](https://longbridge.com/en/news/285053580.md) - [zh-HK](https://longbridge.com/zh-HK/news/285053580.md) --- # Bitcoin Tops $80,000 After A 3-Month Wait—What Happens To Ethereum Next? A leading cryptocurrency analyst predicted on Monday a bullish breakout for **Ethereum** (CRYPTO: ETH) if it closes above the crucial resistance at $2,375. ## Why The Level Holds Significance In an X post, **Ali Martinez** highlighted ETH testing the upper resistance of a descending 4-hour channel at $2,375, a level that previously triggered rejections. “Failure to clear this barrier could trigger a retracement to the channel’s lower boundary, currently near $2,210,” Martinez projected. “However, if ETH gains the strength to print a daily close above the $2,375 resistance, a 7% bullish breakout could follow, targeting the next structural high at $2,550. Martinez added that repeated tests weaken resistance. > Ethereum $ETH has reached the top of its channel at $2,375. > > This is a major area of resistance to watch; in previous instances, this level has triggered a rejection, sending ETH back to find support at the bottom of the channel. > > Failure to clear this barrier could trigger a… pic.twitter.com/uTXDCnrv25 > > — Ali Charts (@alicharts) May 4, 2026 **Read Also: How Bitcoin ETFs Are Eating The Lunch Of Ethereum, XRP, Dogecoin** ## What Next For ETH? The prediction followed a late Sunday evening cryptocurrency spike that extended into the early hours of Monday. **Bitcoin** (CRYPTO: BTC) reclaimed $80,000 after a three-month wait, while Ethereum and other major tokens also rallied. Derivatives market was heating up, with open interest in ETH futures surging 8.13% over the last 24 hours, according to Coinglass. The majority of retail traders on **Binance** were positioned bullish, while most whales also placed a higher number of longs vis-à-vis shorts. The Bull Bear Power indicator, meanwhile, which measures the strength of buyers and sellers, flashed a “Buy” signal for ETH, according to TradingView. The Awesome Oscillator, which compares recent market movements to historic market movements, also flipped bullish, according to TradingView. **Price Action**: At the time of writing, ETH was exchanging hands at $2,358.63, up 2.14% in the last 24 hours, according to data from Benzinga Pro. **Read Also: Coinbase CEO Brian Armstrong Says 'Mark It Up' After Reported Compromise On Clarity Act's Stablecoin Yields Clause** _**Disclaimer**: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors._ _Image via Shutterstock_ ### Related Stocks - [BCOR.US](https://longbridge.com/en/quote/BCOR.US.md) - [REKT.US](https://longbridge.com/en/quote/REKT.US.md) - [EETH.US](https://longbridge.com/en/quote/EETH.US.md) - [FETH.US](https://longbridge.com/en/quote/FETH.US.md) - [03008.HK](https://longbridge.com/en/quote/03008.HK.md) - [BTCHKD.VAHK](https://longbridge.com/en/quote/BTCHKD.VAHK.md) - [BTCUSD.VAHK](https://longbridge.com/en/quote/BTCUSD.VAHK.md) - [ETHHKD.VAHK](https://longbridge.com/en/quote/ETHHKD.VAHK.md) - [ETHUSD.VAHK](https://longbridge.com/en/quote/ETHUSD.VAHK.md) - [COIN.US](https://longbridge.com/en/quote/COIN.US.md) ## Related News & Research - [Sharplink Lost $686 Million In Q1, But SBET Could Still Double Thanks To 'Favorable Setup'](https://longbridge.com/en/news/286130478.md) - [08:41 ETPlatov.co Launches Nigerian Naira (NGN) Support, Bringing Direct Crypto-to-Fiat Exchange to West Africa's Largest Market](https://longbridge.com/en/news/286418933.md) - [VanEck Ethereum ETF 1Q 2026: Net income $(44.78) M — 10-Q Summary](https://longbridge.com/en/news/286457595.md) - [Ethereum Community Debates Changes To Staking Model As ETH Remains Stuck Below $2,300](https://longbridge.com/en/news/286153164.md) - ['The Entire Economy Is Going To Be Tokenized,' Consensys CEO Joseph Lubin Says, Positioning Ethereum As The Winner](https://longbridge.com/en/news/286265353.md)