• 04 Jun, 2025

Ethereum Sets Up for a Breakout - Privacy Push & Pin Bar Power

Ethereum Sets Up for a Breakout - Privacy Push & Pin Bar Power

Ethereum is getting serious about privacy — and traders are loving it.   

Vitalik Buterin just shared a fresh roadmap focused on boosting privacy without overhauling the whole system.   

No more clunky privacy wallets. No more complicated settings. Instead, wallets like MetaMask could soon have “shielded balances” and private sending turned on by default.   

Ethereum privacy plan   

Privacy might actually become the norm.   

And that’s not all.   

New proposals like EIP-7701 and FOCIL are also in the mix, helping keep private transactions both smooth and censorship-resistant.   

The result? A safer, more private Ethereum.   

No wonder ETH/USD is looking bullish — the market’s buying the vision.   

Will this be the privacy era for Ethereum? Let us see what the charts suggest.   

Ethereum Bulls Eye a Breakout — But Resistance Holds the Key     

Ethereum’s H4 chart is flashing signs of bullish momentum, and it’s starting to show in the price action.   

Ethereum H4 Chart   

Image Source: TradingView     

Right now, ETH is hovering around $1,637, just under the first daily resistance at $1,639. That level is the short-term gatekeeper. If it breaks and closes above it, the next upside targets are $1,685 and then $1,725 — which would be about a 5.3% jump from where we are now.   

On the support side, ETH has backup at $1,564, $1,523, and $1,477. These levels could catch any pullbacks if the price struggles to push higher.   

What’s adding to the  Ethereum bullish case? Let’s look at the indicators.   

The Stochastic Oscillator is at 73 and climbing. Both lines are pointing up and inching closer to the overbought zone (above 80), which often signals continued buying interest. Meanwhile, the MACD is already in bullish territory — the histogram is above zero, and the MACD line is above the signal line. These are classic signs of upward pressure.   

But the most interesting development? A bullish pin bar that formed on April 13 is highlighted in the chart in a yellow circle. That candle helped flip the recent bearish trend and offered strong support right around $1,564. Since then, ETH has been pushing higher — and now it’s testing that critical $1,639 mark.   

If bulls can clear this hurdle, we could see a rally toward $1,725.   

Is there a Bearish side to Ethereum Momentum?     

Of course, there’s a flip side. If ETH gets rejected at $1,639, we could see a dip. A break below $1,564 might drag prices down to $1,523 — a nearly 7% slide from current levels.   

For now, all eyes are on that resistance line. Will Ethereum power through or pull back for a breather?