Ethereum’s price trajectory has taken on a decisively bullish tone with its movement in the past 24 hours. Now, technical patterns are pointing to the possibility of a rally that would not only push it past its current all-time high of $4,878, but also carry it to as high as $8,500. A recent analysis by TradingView analyst melikatrader94 points to the formation of a Right-Angle Broadening Formation (RABF) on the daily candlestick chart, a rare but powerful continuation setup that has been in play since March 2024. The Mechanics Of Ethereum’s Current Bull Run Ethereum’s price action in the past few days has been very notable in terms of bullishness. The leading altcoin is currently up by 20% and 45% in the past 24 hours and seven days, respectively. This powerful upswing has pushed Ethereum to its highest price point since the peaks of the 2021 bull market. Related Reading: Pundit Says Ethereum Price Is Headed For $9,000 After This Broadening Wedge Retest According to the technical analysis in question, which was initially shared by melikatrader94 on the TradingView platform, Ethereum is now playing out the last phase of an RABF pattern that has dragged on for many months. This RABF pattern is characterized by a horizontal resistance zone, now situated between $4,200 and $4,300, and a downward-sloping support trendline, which indicates that buyers are becoming increasingly aggressive with each pullback to reach the resistance again. The last time Ethereum bounced off this support trendline was in early April 2025, when it reached a low of $1,470. Since then, it has increased by about 194% up until the time of writing, where it is now attempting to break above the upper trendline. Price Target And What Needs To Happen According to the measured move principle, the breakout target is derived from the pattern’s vertical height, which is roughly $2,070. Adding this vertical height to the breakout level at $4,300 results in an initial price objective of $6,370. However, a strong bullish momentum beyond that milestone would see Ethereum extend its rally to as high as $8,500. Related Reading: Ethereum Exchange Reserves Just Hit A New 9-Year Low Amid Treasury Accumulations Such an outcome would depend on if Ethereum can make a decisive daily close above $4,300 accompanied by robust trading volume. According to the analyst, this would set off a rapid advance with only a brief consolidation near the $5,100 mark before resuming its upward move. On the other hand, support levels to watch are at $3,700, then $3,200 in case Ethereum fails to hold above $4,300 and extend its rally. At the time of writing, Ethereum is trading at $4,320, up by 1.1% in the past 24 hours. Interestingly, this move has seen Ethereum outperforming other top cryptocurrencies like Bitcoin, XRP, and Solana, which are down by 2.2%, 3.5%, and 4% in the past 24 hours. Featured image from iStock, chart from Tradingview.com
Bitcoin and Ethereum prices began to rally over the weekend, and interestingly, ETH was able to beat the $4,000 level for the first time in eight months. Bitcoin also recovered from its crash below $113,000 the previous week, taking the rest of the crypto market with it. Naturally, the reversal to bullish sentiment has brought investors out of the woodwork, with predictions now circling for where both Bitcoin and Ethereum prices are headed. Bitcoin To $150,000 And Ethereum To $8,000 Ex-Wall Street trader Vivek Raman has shared a prediction that has reignited hope once again in crypto investors. This comes after a notable weekend rally and the possibility of Bitcoin and Ethereum reaching brand-new all-time highs soon. Despite this already impressive rally, Raman does not believe that the move is over, sharing a near-term prediction for both cryptocurrencies. Related Reading: Bitcoin Nears $120,000 Again As El Salvador Opens Bitcoin Banks In the post, the pundit uses the ETHBTC chart, which has been on fire lately, to predict where both digital assets are headed next. Raman was responding to another crypto analyst, Pentoshi, who believes the ETHBTC chart was headed to 0.055 after moving above 0.036. Breaking this down, Raman explains that reaching this level would mean that the Ethereum price would be at $8,250 per coin, pushing it to a $1 trillion market cap. Amid this, he believes that the Bitcoin price could hit as high as $150,000 in the near term, making the likelihood of ETH touching $8,000 higher. The push for Ethereum to hit $8,000 comes amid ETH treasury companies gaining ground recently. Raman suggests that investors could rotate from Bitcoin treasury companies into ETH, triggering a Wall Street run on Ethereum. Looking at the longer timeframe, Raman forecasts that the Bitcoin price could hit as high as $250,000. At the same time, the Ethereum price is expected to hit $25,000, which would put the ETH market cap at a whopping $3 trillion market cap while Bitcoin moves in on a $10 trillion market cap. BTC And ETH Getting Big Predictions Raman is not the only crypto pundit who has shared major predictions for the Bitcoin and Ethereum prices recently. According to a report from Bitcoinist, another analyst Fapital has shared where they expect both Bitcoin and Ethereum to be by 2032. Related Reading: XRP Price Could Explode To $3.8 Amid Trend Continuation Fapital puts the Bitcoin price as high as $889,969, with Ethereum as high as $28,000 during this time. While both predictions span between shorter and longer timeframes, there is a similarity in the exception that the Ethereum price will eventually cross the $20,000 target. Featured image from Dall.E, chart from TradingView.com
On Monday, the total crypto market capitalization (TOTAL) reached an all-time high (ATH) of $4.03 trillion, driven by significant gains in leading cryptocurrencies Bitcoin (BTC) and Ethereum (ETH), reflecting renewed optimism in the crypto space fueled by favorable regulatory developments from the US. Pro-Crypto Regulations Fuel Market Optimism Ethereum notably broke through the $4,000 barrier for the first time in almost nine months, closing the gap to its all-time high of $4,878, now just 13% away. This upward momentum has been attributed to growing interest in cryptocurrencies, bolstered by pro-crypto regulatory measures that have enhanced market sentiment. Related Reading: BlackRock Addresses Burning XRP ETF Question: Is A Filing Coming Or Not? Notably, the US has spearheaded a new wave of pro-crypto regulations, sparking a surge in investment in the digital asset market with the passage and signing of the first crypto bill, the GENIUS Act. This new legislation aims to create a more favorable regulatory framework for stablecoins, which are dollar-pegged cryptocurrencies. Ethereum plays a key role in the stablecoin market, as a large portion of stablecoin activity occurs on its blockchain. In contrast, Bitcoin approached its current record high of $123,000 earlier in the day but ultimately fell short of the critical $120,000 mark, which is seen as essential for entering a new price discovery phase. Despite this, the overall market sentiment remains buoyant, particularly in light of recent executive orders from President Donald Trump aimed at fostering a more favorable environment for digital assets. Ethereum Could Hit $8,000 On Thursday, Trump issued directives calling for a reevaluation of federal guidance on integrating cryptocurrencies into employer-sponsored retirement plans like 401(k)s. Analysts view this shift as a potential boom for the crypto industry, especially considering that 401(k) assets totaled $8.7 trillion in the first quarter of 2025, according to the Investment Company Institute. As such, Ethereum has outperformed many of its peers among the top ten cryptocurrencies, posting gains of just over 13% in the past week. The only token to surpass this growth has been Cronos (CRO), which saw an 18% rally during the same period. Related Reading: AI Models Predict Ethereum Cycle Top At $15,000: Analyst Crypto analyst Doctor Profit has weighed in on Ethereum’s performance, suggesting that breaking the $4,000 barrier signals a massive breakout from an ascending triangle pattern on the monthly chart. This pattern is considered bullish, indicating that Ethereum could continue its upward trajectory in the coming months. In a recent analysis shared on X (formerly Twitter), Doctor Profit projected that Ethereum might reach new heights, potentially hitting $8,000. If this forecast holds true, it would represent an impressive 88% increase from ETH’s current trading price of $4,250 as of late Monday. Featured image from DALL-E, chart from TradingView.com
Ethereum’s recent surge has pushed it past another milestone, with the world’s second-largest cryptocurrency by market cap overtaking MasterCard in the global asset rankings. Related Reading: Ethereum Hits $4,300, Restoring Vitalik Buterin’s Crypto Billionaire Status According to data shared by Watcher Guru, Ethereum now holds the 22nd spot, backed by a market capitalization of $507 billion. It’s trading at $4,220, with a 24-hour trading volume of $53.50 billion, and the mood among traders has been leaning toward optimism. Ethereum Breaks Long-Term Technical Pattern Reports have disclosed that analyst Crypto Patel has identified a breakout from a multi-year ascending triangle pattern on Ethereum’s chart — a formation often linked to strong upward price moves. Holding above $4,000 has been key in confirming the breakout, with Patel suggesting the setup could eventually send ETH toward $16,000 if buying pressure continues. JUST IN: Ethereum $ETH flips MasterCard to become the world’s 22nd largest asset by market cap. pic.twitter.com/JOCpZGOXaV — Watcher.Guru (@WatcherGuru) August 9, 2025 Patel also pointed to $3,500–$3,000 as a “demand zone” where pullbacks could attract more buyers. For those who entered before the breakout, the rally has been highly rewarding. According to Patel, early investors have seen gains of around 300%, marking one of Ethereum’s strongest runs in recent memory. ETF Flows Highlight Institutional Interest Institutional buying has added fuel to Ethereum’s climb. Based on August data, ETH exchange-traded funds (ETFs) brought in roughly $174.57 million in net inflows, compared to Bitcoin ETFs, which saw $565 million in net outflows during the same period. $ETH just broke out of a multi-year ascending triangle after holding $4K as support. Measured move from this pattern points to $16K if momentum holds. $3500-$3000 now key demand zone: Pullbacks here = re-entry opportunities. Hope you enjoyed our early entry wall on Ethereum,… https://t.co/ujN0h2PBVt pic.twitter.com/eblVPCpPUt — Crypto Patel (@CryptoPatel) August 10, 2025 This trend has given Ethereum some momentum against Bitcoin, with ETH briefly crossing the $4,300 mark on August 9 for the first time since 2021. Vitalik Buterin has also made comments suggesting that companies holding ETH in their treasuries could benefit from the asset, though he urged caution to avoid overexposure. His words induced new chatter on how far deep structural demand can take ETH/BTC to new heights. Differing Opinions On How Far The Rally Will Go Market observers are still divided on what Ethereum will do next. Bullish analysts cite chart indications as well as robust fundamentals as gauge that ETH will be able to keep delivering the goods. Skeptics caution that false breakouts are the norm and that remaining above $4,000 with heavy volume will be the true test in coming weeks. Related Reading: Ethereum Faith Fading? Samson Mow Says Holders Will Shift To Bitcoin Though Ethereum’s climb above MasterCard in terms of market value has been celebrated as another move into mainstream acceptance, analysts point out that rankings can change in a heartbeat with the ebb and flow of markets. At this time, ETH has a clean technical breakout, high institutional demand, and traders’ renewed focus — all things that can make the stage for larger action if it continues to hold. Featured image from Unsplash, chart from TradingView
Ethereum reached multi-year highs, breaking decisively above the $4,300 level after several days of strong bullish momentum. This breakout marks Ethereum’s highest level since late 2021, fueled by growing institutional demand, ETF inflows, and expanding on-chain activity. However, fresh market data from CryptoQuant suggests that caution may be warranted in the short term. Related Reading: Altseason Still On Hold – Metrics Reveal BTC Outpaces Large, Mid, Small Caps The all-exchange Estimated Leverage Ratio (ELR) has climbed to 0.68, approaching historical highs and signaling excessive market-wide leverage. While Binance’s ELR sits lower at 0.52, indicating more measured positioning on the world’s largest exchange, higher relative leverage on other platforms points to elevated speculative activity elsewhere. Ethereum’s price is currently testing a critical resistance zone between $4,020 and $4,060—a historically pivotal area that has often determined whether a rally accelerates or faces a sharp pullback. Adding to the short-term risk profile, Binance netflows have spiked significantly above the all-exchange average, suggesting concentrated inflows that may lead to localized sell pressure, possibly linked to liquidations or arbitrage-driven trades. Ethereum Mid-Term Outlook: Institutional Flows and Network Strength According to Crypto Onchain, a CryptoQuant analyst, Ethereum’s mid-term fundamentals remain strongly bullish despite short-term caution signals. Institutional demand is surging, with US Spot Ethereum ETFs recording a record $726.6 million in daily net inflows, driven by giants like BlackRock and Fidelity. This has pushed total ETF holdings above 5 million ETH (valued at approximately $20.3 billion), a milestone that underscores Ethereum’s growing role in institutional portfolios. Beyond ETFs, major players are increasing direct exposure. Ark Invest purchased 30,755 ETH worth $108.57 million, while Fundamental Global allocated $200 million to ETH as part of its treasury strategy. This wave of accumulation reflects deepening confidence in Ethereum’s long-term utility and value proposition. On-chain metrics also paint a bullish picture. Transaction volumes are hitting new highs, and staking participation continues to expand, locking up more ETH and reducing circulating supply. Regulatory clarity—such as the SEC closing investigations into liquid staking—has further strengthened structural demand for ETH. Upcoming network upgrades, including Pectra and Fusaka, are set to boost scalability and lower costs. This will enhance Ethereum’s appeal to both developers and enterprises. In the short term, high leverage, key resistance levels, and concentrated exchange inflows pose a risk of sharp volatility. However, the mid-term outlook remains intact, supported by sustained institutional inflows, robust network growth, and technological advancements. Even if near-term corrections occur, these factors should help cap downside pressure and maintain Ethereum’s broader bullish trajectory. Related Reading: Bitcoin Holds Strong Near All-Time High – Market Not Overheated Yet, Data Shows Price Action Details: Setting Fresh highs Ethereum’s 4-hour chart shows a strong breakout above the key resistance at $3,860, which had capped price action in late July. Following this decisive move, ETH surged past the $4,300 level, marking its highest point since November 2021. This rally was supported by strong bullish momentum, as seen in the steep incline of the 50-period SMA (blue) and the price holding well above the 100-period (green) and 200-period (red) SMAs. Currently, ETH is consolidating just below its recent peak, around $4,240, signaling a potential pause before the next move. This consolidation at elevated levels, rather than a sharp retracement, suggests that bulls remain in control. The $3,860–$3,900 zone now acts as a critical support, and a retest could provide a healthy setup for continuation. Related Reading: Bitcoin–S&P 500 Correlation Hits 80%, Tying Crypto To Stocks Volume spikes during the breakout indicate strong buying interest, but the reduced volume in the latest candles suggests the market is waiting for fresh catalysts. A sustained move above $4,300 could open the door toward the $4,450–$4,500 zone, while a breakdown below $3,860 would weaken the bullish structure. Featured image from Dall-E, chart from TradingView
Ethereum has surged more than 20% to firmly reclaim the $4,200 price level for the first time since 2021. This interesting move has come off the back of Ethereum’s steady inch higher, and $5,000 could now be the next major psychological barrier. However, while the bullish narrative is currently dominant, a technical analysis posted by crypto trader Orbion suggests that this rally may have an expiration date. The Road To Euphoria And A Full Exit Plan Ethereum’s price action over the past week has seen it outperform many cryptocurrencies, and confidence is steadily returning to the leading altcoin. However, Orbion took to the social media platform X to share that he had already sold 33% of his Ethereum holdings, and the best time to fully exit every Ethereum position is in the next two months. Related Reading: Pundit Says Ethereum Price Is Headed For $9,000 After This Broadening Wedge Retest His post was accompanied by a well-known cheat sheet on market cycles. According to the sheet, Ethereum’s current position is in the Optimism and Ethereum dominance phase. The Optimism phase is the point in a rally when market participants begin to believe that the uptrend is truly sustainable. Notably, the chart’s projection is a climb to the Market Peak/Euphoria phase by the end of October 2025. It is at this point that traders can expect an extreme overvaluation and a looming downturn. Drawing similarities to similar patterns in 2017 and 2021, Orbion stated that his plan is to sell the remainder of his ETH holdings by October 31, although the price will start tapering off in late September. Projecting Ethereum’s Next Move According to the projection on the chart above, Ethereum still has a long way to go before it reaches a defined peak. That is to say, there’s a high possibility that Ethereum could finally break above its 2021 all-time high of $4,878. Related Reading: Ethereum Price Crash Or Rebound? Why $4,000 Holds The Key It will be interesting to see how the Ethereum price rally plays out in the next two months before it reaches a new peak. Based on the cheat sheet, Ethereum could see its most aggressive price acceleration in the weeks leading up to Halloween on October 31. This final leg of the rally will be driven by euphoria-fueled buying, where investors feel unstoppable and certain of a continued rally, much like the 2021 cycle. Even if Ethereum were to start crashing by late October, its current trajectory suggests it could break $5,000 before it reaches a new peak. Notably, Orbion’s short-term target for ETH is in the $5,800 to $6,000 range if momentum continues. Technical analyses show Ethereum price targets ranging from $4,800 to as high as $12,000. According to a technical analysis from crypto analyst Titan of Crypto, Ethereum is currently tracing out the same pattern as Bitcoin in 2020 and is on a path to reach $12,000. At the time of writing, Ethereum is trading at $4,270, up by 20.5% in the past seven days. Featured image from iStock, chart from Tradingview.com
In an August 10 video titled “My End Of 2025 ETH Price Prediction (Using AI) — You’re Not Bullish Enough!”, crypto analyst Miles Deutscher said Ethereum’s latest breakout above the “very key level in the $4,000 zone” has shifted the market into what he views as a confirmed, structurally stronger advance toward new all-time highs. “We actually did get a daily close,” he noted, adding that the weekly close above the same region—something Ethereum “hasn’t closed above on the weekly since November 2021”— underscores the significance of the move. In Deutscher’s framework, that close is “confirmation for a much bigger run.” How High Can Ethereum Go? Deutscher centered the analysis on a simple question—how high can Ethereum go—and answered it with a blend of technical context and model-driven probabilities. Before invoking AI, he sketched an “eye test” path in which price discovery unfolds “well into this range here between $6,000 to $8,000,” arguing that Ethereum is effectively “playing catch-up” after lagging other top assets that already printed new highs. He even floated a directional benchmark—“I think the price prediction is going to be $7,000”—before deferring to probability distributions as a more disciplined way to size the upside. To that end, he ran two large-language models on a shared set of inputs, asking for odds of specific price bands by the end of 2025 and then by the end of 2026. Related Reading: Ethereum Price Eyeing A Breakout? On-Chain Analysis Places Short-Term Target At $4,800 On his telling, the first model’s 2025 peak probabilities favored continuation: roughly a three-in-four chance to revisit the prior high near $4.7k, about sixty-plus percent to clear $5k, around thirty percent to reach $6k, high-single-digits to breach $7.5k, and roughly one percent to tag $10k this year. Expanding the window through 2026 raised those odds materially, to what he summarized as high confidence in $4.7k–$5k, better-than-even odds for $6k, and about forty percent for $7.5k, with a non-trivial tail—“even here 10k plus it’s giving an 18% probability to.” Running the same exercise on Grok produced a more aggressive contour. As Deutscher relayed it, Grok’s “base case could very well be $10,000,” with an $8,000–$15,000 band as a plausible cycle-top range. He quoted the model’s technical guardrails explicitly: “A break above $4,800 signals new all-time high pursuit. Drop below $3,800 could invalidate the bullish thesis.” By contrast, his own trading invalidation skews tighter to trend, cautioning that “if Ethereum drops below the money noodle on the daily, which right now is around like $3,400, I think structurally this could start to invalidate the bullish move at least in the short term,” while “as long as we maintain above $4,000, we are in the pursuit of that prior all-time high.” Headwinds For Ether The projection stack rests on a macro-to-micro chain of tailwinds that Deutscher argued now favors Ethereum more directly than in prior cycles. He cited consistently positive ETF flows—“around $17 billion of net inflows into the crypto ETFs over the last 60 days, $11 billion coming in the month of July alone,” with particular traction on the ether side—alongside anticipated retirement-account access to crypto that could unlock what he called a “massive pool of new buyers.” He framed recent US policy steps as a near-term accelerant for on-chain finance, saying the GENIUS Act clarified treatment for a set of crypto assets and “regulates some of the key stable coins,” thereby widening the aperture for institutional yield strategies and tokenization. In his view, those are specifically Ethereum-centric growth funnels because “Ethereum is the biggest blockchain facilitating asset tokenization and DeFi,” which makes ETH “the number one proxy for anyone looking to get exposure to this narrative.” Related Reading: Ethereum Hits $4,300, Restoring Vitalik Buterin’s Crypto Billionaire Status Deutscher also paired the flows argument with market-structure observations: stablecoins at fresh highs, price resilience marked by “sell-offs… relatively short-lived,” and a turn in bitcoin dominance that, if it persists, historically precedes broader alt rotation with ETH at the fulcrum. None of this, he stressed, implies a straight line. Deutscher expects the cycle to oscillate through rotations—bitcoin strength, an ether catch-up, then a higher-beta alt expansion—rather than a single monolithic “altseason.” He even penciled in a likely second-leg window into 2026, aligning with political and monetary calendar points, while cautioning that “you never know what’s going to happen” and emphasizing the need for clear invalidations. Still, the directional conclusion is unambiguous: the combination of structural inflows, regulatory clarity around on-chain finance, and Ethereum’s technical regime shift leaves him biasing to the upside. “This would be hard momentum to slow down in the short to mid-term,” he said, adding that the true “FOMO” phase probably begins only once ETH is in price discovery above its $4,800 peak. At press time, ETH traded at $4,303. Featured image created with DALL.E, chart from TradingView.com
Ethereum (ETH) has surged above the $4,000 mark for the first time since last December, signaling a strong return of bullish momentum. After several days of heightened volatility and market uncertainty, buyers have regained control, pushing prices to levels not seen in months. The breakout reflects a combination of improving market sentiment, robust fundamentals, and growing institutional interest in the leading smart contract platform. Related Reading: Bitcoin Futures Bias Turns Neutral As OI Net Position Hits Zero – Details On-chain data from CryptoQuant adds further fuel to the bullish narrative, showing that ETH exchange reserves continue to decline steadily. This trend suggests that investors — particularly large holders — are moving their coins off exchanges, reducing available liquidity in the open market. With demand for ETH rising across decentralized finance (DeFi), real-world assets (RWA), and staking activities, the conditions for a potential supply shock are forming. Market analysts point to this tightening supply, coupled with consistent buying pressure, as a catalyst for further gains. If the trend continues, Ethereum could start a sustained rally, bringing the next major resistance levels into focus. For now, traders are closely watching whether ETH can maintain its position above $4,000 and build a stronger base for a potential run toward its all-time highs. Ethereum Smart Money Drains Liquidity According to the latest data from CryptoQuant, only 18.8 million ETH remains on centralized exchanges — a historic low that underscores the growing scarcity of Ethereum in the open market. This is not the result of retail traders making small withdrawals. Instead, it reflects a deliberate move by institutional players and “smart money” to accumulate and secure large amounts of ETH off exchanges. This accelerated outflow is creating a clear supply squeeze. With fewer coins available for spot trading, upward price pressure is likely to build, especially if demand continues its current trajectory. The pace of accumulation suggests that these large holders are positioning for a long-term play, reducing market liquidity and setting the stage for significant price volatility to the upside. Adding to the bullish outlook, public companies are beginning to adopt Ethereum as part of their treasury strategies. Sharplink Gaming, for example, has recently purchased substantial amounts of ETH, joining a growing list of firms diversifying into digital assets. Meanwhile, increasing legal clarity in the United States is opening the door for broader adoption, lowering barriers for both institutional and corporate participation in the Ethereum ecosystem. Related Reading: Bitcoin Miners Avoid Forced Selling: BTC Sits 7.4% Above Last Difficulty Bottom These converging factors — institutional accumulation, reduced exchange reserves, and regulatory green lights — are forming a market environment unlike anything seen before in Ethereum’s history. If the trend persists, analysts expect the coming months to deliver unprecedented price action, fueled by a perfect storm of tightening supply and rising demand. In such conditions, Ethereum could not only sustain its position above $4,000 but also make a decisive push toward new all-time highs. ETH Breaks $4,000, Tests Key Weekly Resistance Ethereum’s weekly chart shows a decisive breakout above the $3,860 resistance level, pushing the price to $4,017 — its highest level since December 2024. This surge marks a 14.87% weekly gain, highlighting strong bullish momentum following weeks of accumulation and recovery from the $2,852 support zone. The current price action is supported by the 50, 100, and 200-week SMAs trending below the market, with the 50-week SMA at $2,726 reinforcing the strength of the long-term uptrend. Volume has also spiked significantly, indicating that the breakout is driven by real buying interest rather than speculative noise. Related Reading: XRP Whale Activity Signals Warning: Distribution Pattern Resurfaces If ETH sustains above $3,860 on the weekly close, the next major target is the all-time high region around $4,800–$4,900. However, historical patterns show that Ethereum often faces heightened volatility near psychological levels, and a short-term pullback toward the breakout zone should not be ruled out before a potential continuation. Featured image from Dall-E, chart from TradingView
SharpLink Gaming has announced a $200 million capital raise aimed at expanding its Ethereum treasury. As ETH solidifies its role as programmable money and a yield-bearing asset through staking, SharpLink is betting big on its long-term potential. The raise positions the company among a rising class of corporates reshaping capital strategy around blockchain-native assets. Why SharpLink Is Going All-In On Ethereum In an X post, SharpLink Gaming shared an update stating that the company has secured $200 million capital raise through a direct offering priced at $19.50 per share, and has been backed by four global institutional investors. Related Reading: SharpLink Buys the Dip and Adds $100M-Worth of $ETH to its Treasury as $BEST Stands to Gain According to the company, the capital will be strategically deployed to expand its ETH treasury holdings. Upon full deployment, SharpLink expects its ETH reserves to exceed $2 billion, placing it among the most ETH-heavy corporate treasuries globally. The company focuses on accumulating ETH, staking ETH to earn sustainable on-chain yield, and consistently growing ETH-per-share for long-term shareholders. Ethereum is becoming the foundational layer of global finance infrastructure for tokenized assets, and SharpLink is built to capture that upside. According to the DuRtY_Crypto post, Vitalik Buterin recently pointed out that ETH treasuries are increasingly valuable, not just as a store of ETH, but as a different vehicle for people to have access to ETH. Instead of simply buying ETH and holding it, investors are turning to companies that hold and manage ETH treasuries. DuRtY_Crypto has outlined the irony that was unseen between the Bankless crew, who quickly celebrated the mainstream validation. The PulseChain Sacrifice Wallet has skyrocketed to become the 5th-largest ETH holder in crypto with 171,054 ETH. Before the funds rotated into ETH, the wallet was already commanding attention as the largest DAI holder across all chains. Thus, the expert has commended Richard Heart, the controversial figure behind PulseChain, for executing a strategic pivot that few saw coming. Ethereum Activity Heats Up As Transaction Volume Nears ATH While prominent figures are raising capital and increasing the ETH treasury’s value, CoinW has also revealed that Ethereum on-chain momentum is surging again. According to data from Etherscan, the network processed 1.87 million transactions on Aug 6th, nearing its all-time high of 1.96 million, which was set back in January 2024. Related Reading: Ethereum Bears Dominate Market Orders: -$418.8M Daily Net Taker Volume Signals Trouble Meanwhile, the validator queue data shows the ETH pOs exit queue has dropped significantly to 443,164 ETH, worth roughly $1.612 billion. Following the decline, the average exit wait time now sits at 7 days and 17 hours. With UK regulators officially lifting the ban on crypto exchange-traded notes (cETNs) for retail investors, as reported by CoinW, Ethereum’s performance may experience notable growth. This move signals a major policy shift toward embracing digital asset markets. Furthermore, it will allow individuals to engage in these risk-bearing financial products at their discretion, a move seen as aligning the UK more closely with the global crypto market. Featured image from Getty Images, chart from Tradingview.com
The $4,000 level has remained elusive for Ethereum even after rallying 40%+ in the months of May and July. The fact that the altcoin has been unable to clear this level points to this being the resistance to beat if Ethereum is to continue its uptrend. It also shows that there are forces keeping the altcoin from breaking this $4,000, and one market expert has attributed this to hedge funds, who have a unique interest in holding the price below $4,000. What Ethereum Above $4,000 Means For Options Traders In an X post, trader and market analyst Glen Goodman unveiled another angle to the beatdown that the Ethereum price has continuously suffered at the $4,000 level. This elusive price tag remains the singular hindrance to the ETH price possibility breaking its $4,800 peak from 2021, and its continuous trading below this price tag could be intentional. Related Reading: Bitcoin Could See Another Crash To Fill This Imbalance Before Rally To $120,000 Goodman’s post focuses on options traders and the hedge funds which they are betting against. Basically, since the hedge funds are still short Ethereum at this point, they need to suppress the price and keep it from reclaiming $4,000 in order to keep their positions in a profit. These professional traders or hedge funds are the ‘sellers’ who write the options, and they get a premium for doing so. Then the options buyers are paying a premium to the sellers as they are betting on the price of Ethereum actually going up above $4,000. So, every time the Ethereum price does reach $4,000, it gets beaten down so hedge funds can continue to profit from the premiums being made from buyers. What Happens If ETH Clears $4,000? In the event that the Ethereum price does cross $4,000, it means that the hedge funds will start to lose money, and the options buyers will begin making money. As the crypto trader explains, the higher the ETH price goes, the more money the options buyers make and the more money the hedge funds lose. This is why there always seems to be a violent pullback every time Ethereum comes close to $4,000 as the hedge funds continue to short it. Related Reading: Dogecoin Price Crash Could End Soon With A Roadmap For $5 Goodman explained that the hedge funds have been able to use this strategy to keep the Ethereum price below $4,000 and remain in profit. However, with each time that the altcoin comes close to the $4,000 level, the probability of breaking above it becomes higher. Over the long term, Ethereum’s price breaking $4,000 is incredibly bullish. “Strong resistance kicks in at $4000, so the price could really fly if it beats all the resistance in the early 4000s,” Goodman explained. Featured image from Dall.E, chart from TradingView.com
The Spot Ethereum ETFs have recorded significant outflows recently, sparking a bearish sentiment for the ETH price. These outflows also come at a time when the altcoin has dropped from a six-month high of $3,900 and looks to retest the psychological $3,000 level. Ethereum ETFs See Record Outflows Putting The ETH Price At Risk SoSo Value data shows that the Ethereum ETFs recorded a net outflow of $465.06 million on August 4, their largest outflow since they launched last year. These funds also recorded a net outflow of $152.26 million on August 1, which was the first net outflow after 20 consecutive days of net inflows. Related Reading: Ethereum Exchange Reserves Just Hit A New 9-Year Low Amid Treasury Accumulations These outflows from the Spot Ethereum ETFs indicate a wave of profit-taking, especially considering that the ETH price had rallied to a six-month high of $3,900 last month. Outflows from these funds are bearish for ETH as they can add selling pressure, with fund issuers selling coins to redeem shares. However, a positive is that these net outflows from the Spot Ethereum ETFs have been short-lived. Further data from SoSo Value shows that these funds recorded net inflows of $73.22 million and $35.12 million on August 5 and 6, respectively. This coincides with the rebound in the ETH price, which hit the $3,700 level in the last 24 hours. Another streak of consecutive net inflows for the Spot Ethereum ETFs could spark another uptrend for the ETH price. Moreover, the Ethereum treasury companies like BitMine, SharpLink, and the Ether Machine continue to create massive demand for ETH as they expand their treasuries. BitMine’s Ethereum holdings topped 833,000 ETH this week, making it the largest ETH treasury in the world. Will the ETH Price Crash Below $3,000? BitMEX co-founder Arthur Hayes has predicted that the ETH price could at least retest the $3,000 level. He highlighted the Trump tariffs, which take effect today, as one of the reasons that he holds this bearish sentiment towards Ethereum. The crypto founder also indicated that there isn’t enough liquidity in the market currently to boost crypto prices. Related Reading: Pundit Says Ethereum Price Is Headed For $9,000 After This Broadening Wedge Retest However, from a technical analysis perspective, crypto analyst Titan of Crypto has predicted that the ETH price is likely to continue its uptrend soon enough and avoid a drop to $3,000. In an X post, he highlighted a Bull Pennant pattern, which puts $5,000 in sight for ETH. The analyst remarked that this pattern is shaping up on Ethereum and that if it confirms, then the technical target stands at $5,000. At the time of writing, the Ethereum price is trading at around $3,680, up almost 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com
The Ethereum (ETH) blockchain is experiencing a renewed surge in network activity, recently reaching a fresh all-time high (ATH) in daily transactions. However, despite this increase in on-chain fundamentals, ETH’s price continues to trade below major resistance levels, raising concerns that bullish momentum may be fading. Ethereum Network Activity Picks Momentum According to a CryptoQuant Quicktake post by contributor CryptoOnChain, Ethereum’s daily transaction count – highlighted in pink in the below chart – has surged to a new ATH of approximately 1,550,000 transactions per day. This sharp increase in daily transactions, particularly noticeable over the past few months, points to intensified on-chain usage and overall network engagement. In addition to transaction count, other metrics also reflect a spike in activity – most notably, the number of unique Ethereum addresses. As of August 5, the total number of unique Ethereum addresses stood at 332,122,674, marking an increase of 207,454 new wallets compared to the previous day. While some of these may belong to existing users creating new addresses, the majority likely represent new participants entering the Ethereum ecosystem. Related Reading: Ethereum Rally Not Fueled By Bitcoin Dump, On-Chain Signals Show CryptoOnChain emphasized that despite these bullish on-chain signals, Ethereum’s price has not followed suit. As shown in the above chart, ETH’s price – highlighted in orange – remains subdued, failing to break above prior highs or key resistance zones. This disconnect between rising network fundamentals and lagging price action may indicate that the market is in an accumulation phase, the analyst said. CryptoOnChain further suggested that Ethereum could be setting the stage for a significant bullish breakout, with potential upside targets reaching as high as $5,000. Is ETH Price Headed For A New ATH? In a separate analysis posted on X, crypto analyst Titan of Crypto shared the following ETH monthly chart, noting that the asset is “compressing within a massive monthly triangle.” According to the analyst, a successful breakout from this pattern could potentially drive ETH toward $8,000. For the uninitiated, the triangle pattern is a chart formation that occurs when price action consolidates between converging trendlines, forming a shape that resembles a triangle. It typically indicates a period of indecision that often resolves with a breakout in the direction of the prior trend, signaling continuation or reversal depending on the context. Related Reading: Is Ethereum Gearing Up for a Major Move? Analysts Split on What’s Next Another well-known analyst, Gert van Lagen, echoed a similar outlook. He noted that ETH may be positioning for a powerful breakout, with a projected price target of up to $9,000, citing growing technical and fundamental support. Meanwhile, on-chain exchange data also supports a bullish narrative. Over the past two weeks, more than 1 million ETH has been withdrawn from centralized exchanges – fuelling speculations about a potential supply crunch. At press time, ETH trades at $3,590, down 1.1% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant, Etherscan, X, and TradingView.com
Ethereum is trading below the $3,700 level after days of heightened volatility and mounting uncertainty. The recent price action reflects a clear struggle by bulls to defend key demand zones, as bearish momentum continues to dominate short-term trends. Despite multiple rebound attempts, Ethereum has been unable to reclaim crucial resistance levels, raising concerns of a potential deeper correction in the near term. Related Reading: Is Bitcoin Overheated? Key Signal Flashes Warning Similar To 2021 And 2024 Market Tops However, strong fundamentals such as increasing institutional adoption, network growth, and broader market developments continue to support the bullish thesis for Ethereum over the coming months. These structural tailwinds suggest that the current weakness may be part of a healthy consolidation phase before the next major upward move. Top analyst Maartunn shared key insights revealing that the Ethereum Net Taker Volume (Daily) has turned sharply negative, signaling a growing dominance of sell-side pressure. This metric quantifies the difference between market buy and sell orders, providing a clear view of the current sentiment among active traders. Ethereum Net Taker Volume Signals Bearish Dominance Top analyst Maartunn shared critical insights regarding Ethereum’s current market dynamics, emphasizing that Net Taker Volume for ETH sits at -$418.8 million (Daily). This figure indicates that taker sellers have offloaded approximately 115,400 more ETH than buyers were willing to absorb through market orders. Net Taker Volume measures the difference between buying and selling volumes executed at market prices, offering a direct view of the aggressiveness of traders prioritizing immediate execution over optimal pricing. Such a significant negative Net Taker Volume reflects that market participants with a bearish outlook are dominating order books, pushing sell orders aggressively into the market. This behavior signals that sellers are not waiting for better prices, highlighting a serious short-term bearish pressure that can weigh on Ethereum’s price in the immediate term. However, this bearish signal comes after weeks of intense bullish momentum where Ethereum surged aggressively, reaching a local high of $3,940. Given this context, some analysts interpret the current selling pressure as a healthy correction rather than a structural trend reversal. Despite the negative Net Taker Volume, Ethereum’s long-term fundamentals — including institutional accumulation, network growth, and broader adoption trends — remain intact. The current bearish dominance in futures markets serves as a short-term cautionary signal, but it does not yet suggest a breakdown of Ethereum’s overall bullish structure. Analysts will be closely monitoring whether ETH can stabilize and hold key support levels in the coming days. Related Reading: Ethereum Consolidation Deepens As Taker Buy/Sell Ratio Hits One Of The Lowest Levels This Year ETH Price Analysis: Consolidation Below Key Resistance Ethereum (ETH) is trading at $3,624.67 after a volatile week marked by sharp pullbacks and failed breakout attempts. The daily chart shows ETH struggling to reclaim the critical resistance level at $3,860.80, which has become a psychological barrier after multiple rejections. Despite bouncing from a local low near $3,360, the bulls are finding it difficult to sustain momentum above the $3,700 zone. The 50-day moving average (MA) at $3,059.75 continues to slope upward, reflecting a longer-term bullish trend, while the 100-day MA at $2,742.48 and the 200-day MA at $2,503.32 act as major support zones. However, in the short term, price action indicates a bearish bias as ETH forms lower highs, suggesting weakening bullish momentum. Related Reading: Bitcoin Investors Selling More Aggressively As Bull Cycle Matures: Risk Appetite Fades? Trading volumes remain moderate, lacking the surge needed to propel Ethereum above resistance. If ETH fails to reclaim the $3,860 level soon, a retest of the $3,360 support zone could be on the cards. Conversely, a strong daily close above $3,860 would signal a potential continuation of the uptrend. Featured image from Dall-E, chart from TradingView
Tom Lee, co-founder and head of research at Fundstrat Global Advisors and chairman of Bitmine, used his appearance on Natalie Brunell’s Coin Stories to press a sweeping thesis for Ethereum: institutional tokenization is arriving at scale, stablecoins have become crypto’s first mass-market product, and the dominant smart-contract network is positioned to intermediate both. “Ethereum is arguably the biggest macro trade over the next 10-15 years as Wall Street runs onto the blockchain and as AI drives adoption of token economics – the largest layer 1 is ethereum,” he commented via X, framing Ethereum’s moment as analogous to Bitcoin’s institutional validation. Why Ethereum Might Be The Biggest Macro Trade Lee argued there is no contradiction between his longstanding Bitcoin optimism and his conviction on Ethereum. Bitcoin, in his telling, remains the monetary primitive and store of value. Ethereum, by contrast, is the execution layer for tokenized finance. “I don’t see this as a conflict,” he said when asked why he champions both assets. Drawing an analogy to equities, he added that investors can sensibly own scarce, category-defining names in parallel: “You know you should own both.” Related Reading: Ethereum Consolidation Deepens As Taker Buy/Sell Ratio Hits One Of The Lowest Levels This Year The crux of Lee’s Ethereum case is the convergence of Wall Street’s tokenization push with real-world adoption of stablecoins. He described stablecoins as crypto’s first ubiquitous application and the accelerant for institutional on-chain activity. “That is the ChatGPT moment for crypto,” he said. “The first killer app for crypto has emerged… which is stablecoins, and now Wall Street is running to tokenize and maybe even financialize their entire system on the blockchain. But that means they require smart contracts.” In Lee’s assessment, “the biggest and most secure blockchain with no downtime is Ethereum. And it’s legally compliant.” He further contended that “the majority of stablecoins and real-world assets that have been tokenized are taking place on Ethereum,” positioning the network as the default venue for capital-markets infrastructure to migrate on-chain. Brunell pressed on perceived weaknesses introduced since Ethereum’s transition to proof-of-stake, including increased complexity, centralization vectors, bridge and Layer-2 attack surfaces. Lee acknowledged those critiques but weighed them against what he views as the incumbent system’s brittleness. “These risks that you describe seem like smaller risks compared to the fragility of the existing financial system,” he said, pointing to legacy “trust vectors” and fraud rates in traditional rails. In other words, even with Ethereum’s trade-offs, the relative security-and-efficiency frontier still tilts in its favor for modern financial plumbing. Related Reading: Why Ethereum to Outperform Bitcoin: $5.4B ETF Inflows, Whale Accumulation, and 2021 Breakout Pattern Lee linked his timeline to the institutional learning curve. When he first wrote about Bitcoin in 2017, he said, the investment community was just beginning to recognize a credible digital-gold thesis. “I think Ethereum is having its 2017 moment now because now is the time that Wall Street will take tokenization seriously and it’s taking place on Ethereum,” he said. That adoption vector—tokenized dollars and securities settling under programmable contracts—underpins his claim that Ethereum is the preeminent macro trade ahead. Asked to choose a single asset for the next decade, Lee resisted the premise but ultimately answered in line with his current mandate. “If I had to choose… because I’m chairman of Bitmine, which is an Ethereum treasury, then I of course would choose Ethereum,” he said. He closed by reiterating that generational shifts in technology and attitudes will keep compounding crypto’s addressable market, with both Bitcoin and Ethereum benefiting. But on the specific question of where institutional financial infrastructure is most likely to land, his stance was unambiguous: “Wall Street will take tokenization seriously and it’s taking place on Ethereum.” At press time, ETH traded at $3,625. Featured image created with DALL.E, chart from TradingView.com
Ethereum (ETH) has been facing heightened volatility over the past week, following a sharp correction from its recent local high at $3,940 down to $3,360. After weeks of aggressive buying activity and bullish momentum, the market is now showing signs of fatigue. Analysts are growing cautious, with many warning that a deeper correction could be imminent if Ethereum fails to reclaim key support zones. Related Reading: Bitcoin Demand Holds Strong Despite Price Drop: Accumulation Trend Remains Intact Adding to these concerns, fresh data reveals a significant shift in market dynamics. The taker buy/sell ratio — a key indicator that tracks the aggressiveness of buyers versus sellers — has sharply declined into negative territory today. This signals that sellers are currently dominating the order books, applying sustained pressure on ETH’s price action. While some view this as a typical cooldown phase after a major rally, others believe Ethereum is entering a riskier phase where bearish sentiment could intensify if support fails to hold. The coming days will be critical in determining whether ETH stabilizes around current levels or slides further into correction territory. Ethereum Faces Short-Term Selling Pressure According to top analyst Darkfost, Ethereum’s taker buy/sell ratio has dropped sharply into negative territory today, reaching 0.87—one of the lowest levels recorded since the start of the year. This metric, which measures the ratio of aggressive buyers to sellers in futures markets, reveals that selling pressure is now firmly in control of ETH’s order books. Although today’s data is still incomplete, the current reading already indicates a dominance of sell orders on Ethereum futures. Darkfost notes that this shift has been developing for several weeks. Since July 18th, the taker buy/sell ratio has been mostly negative, which correlates with Ethereum’s recent inability to break through key resistance levels and its transition into a short-term consolidation phase. While this may seem concerning for bullish traders, Darkfost emphasizes that such consolidations are a normal part of market cycles, especially after a strong rally. He suggests that Ethereum could face a challenging period in the short term, as market sentiment remains fragile and sellers continue to control intraday movements. Related Reading: Bitcoin Investors Selling More Aggressively As Bull Cycle Matures: Risk Appetite Fades? However, this phase might offer a healthy foundation for the next leg up. If Ethereum manages to stabilize and consolidate above critical support zones, the broader trend remains favorable. Long-term fundamentals, including on-chain accumulation and growing institutional interest, still point toward upside potential once this phase of selling pressure eases. Price Analysis: Bulls Attempt Recovery After Sharp Decline Ethereum is currently trading at $3,654.60, attempting to stabilize after a sharp correction from its recent highs around $3,940. The 4-hour chart shows a recovery bounce that met resistance near the 50-period SMA (currently at $3,668.28), signaling that bulls are facing strong selling pressure at this level. Despite the bounce, ETH remains below the key horizontal resistance at $3,860.80, which has capped multiple upward attempts in recent weeks. The bullish attempt to reclaim momentum earlier today was rejected near this level, leading to a quick retracement back into the $3,600-$3,650 zone. The 100-period SMA (green line) at $3,695.32 is acting as dynamic resistance, while the 200-period SMA (red line) at $3,303.42 serves as a longer-term support level should the correction deepen. Related Reading: Bitcoin Inflows To Binance Accelerate: Investor Behavior Shifts After Months Of Decline Volume spikes indicate that buyers are stepping in aggressively on dips, but overall, Ethereum remains in a short-term consolidation phase between $3,850 and $3,350. A decisive breakout above $3,860.80 is required to regain bullish momentum, while failure to hold above $3,600 could expose ETH to another retest of lower support levels around $3,300-$3,350. Featured image from Dall-E, chart from TradingView
Ethereum’s on-chain activity is heating up, and price action tends to follow this growing engagement. Rising active addresses indicate that existing users are interacting with the network more frequently, while the surge in new addresses reflects a steady influx of fresh participants. These metrics suggest that ETH growth is being driven by genuine utility, rather than pure speculation. If these daily transactions persist, ETH could be entering a new phase where fundamentals and market sentiments begin to align, as the ETH engine runs hotter than ever. Is Ethereum Positioning For Market Leadership? Ethereum on-chain activity is quietly but decisively gaining momentum. According to Cas Abbe’s post on X, ETH’s daily transactions have now climbed to their highest levels in more than a year, which is a sign that network usage is not just holding steady, but also accelerating. Related Reading: Ethereum Chain Dominates RWA Market With 83.69% Share Data shared by the expert shows that the number of daily transactions stands at about 1.7 million. This surge in activity suggests that ETH’s fundamentals are strengthening, even if price action hasn’t fully reflected it yet. Presently, more users are engaging with the ETH network, as both active addresses and new addresses trend sharply upward. This is more than short-term trading noise; it’s a sign of real adoption and sustained network usage. While daily transactions have spiked, the EIP-1559 upgrade has continued to act as a quiet and powerful force in Ethereum’s economics by permanently removing ETH from circulation over time, leading to a tightening supply. Despite recent market volatility, Cas Abbe highlighted that the net ETH emissions remain near neutral, which means that the ETH supply dynamics are becoming increasingly tight. This combination of rising network usage and limited net supply is a powerful market signal. It shows that ETH momentum isn’t being driven by short-term hype, but by genuine, sustained demand for block space and the service built on its network, and long-term fundamentals. Could Strategic Accumulation Mark The Start Of A New Bull Phase? Ethereum continues to experience notable growth in several key areas. Recent reports revealed that ETH’s strategic reserve has exploded in size over the past few months, signaling a dramatic shift in market positioning. Related Reading: Ethereum Treasury Strategy: BTCS Seeks $2 Billion Raise For Crypto Accumulation An analyst known as Crypto Patel stated on X that back in April, the ETH strategic reserve stood at around $200 million. Meanwhile, today, the reserve has surged to an astonishing $10 billion, which reflects a 50% increase in just four months. The sharp growth in the ETH strategic reserve is more than just a big number; it’s a clear signal of strong accumulation and deep long-term confidence in the ETH network’s future. It also suggests staking growth and large-scale capital repositioning ahead of ETH’s next potential catalysts. Featured image from iStock, chart from Tradingview.com
Earlier last week, the Ethereum price was retracing severely, giving up a fraction of the gains garnered from the previous bull rally. Despite this brief show of weakness, a crypto pundit forecasts that the leading altcoin may be on the brink of an explosive rally toward a new all-time high of $9,000. This bullish projection is based on the completion of a Broadening Wedge formation and an ongoing retest of the pattern’s upper boundary, which may now act as support. Ethereum Price Chart Signals Major Breakout According to the new technical analysis released by crypto market expert Gert van Lagen on X social media, Ethereum could be gearing up for a major breakout move, with price action potentially targeting upper bullish levels around $9,000. This report is based on a key chart pattern, the Descending Broadening Wedge, which has historically proven to be a powerful bullish continuation setup. Related Reading: Ethereum Price Crash: What’s Happening And Where ETH Is Headed Next On the weekly timeframe, Ethereum has completed a breakout above the upper resistance of the long-standing Descending Broadening Wedge pattern. After its initial breakout attempt, Lagen notes that Ethereum is now retesting the former resistance trendline, which has flipped into potential support. This retest is considered critical, with the analyst highlighting it as ETH’s second attempt to break higher while sustaining its bullish momentum. The technical setup, as outlined by Lagen’s price chart, shows a projected upside of 79% from the breakout point, which could send Ethereum soaring toward the $9,000 level. Lagen highlights that statistically, such patterns resolve upward 67% of the time, reinforcing ETH’s bullish outlook. The price zone also aligns with a historical sell line—an area where traders may begin taking profits as the cryptocurrency approaches upper targets. Interestingly, Lagen notes that the Bitcoin price has previously formed a similar Descending Broadening Wedge structure. At the time, the analyst had predicted that a successful retest of the pattern’s upper boundary could trigger a massive surge to $230,000 for Bitcoin. This historical parallel reinforces the belief that Ethereum could be on the verge of a similar upward trajectory if the current retest confirms support. Analyst Sees ETH Surpassing $5,000 This August Despite ETH’s brief pullback, August is shaping up to be a potentially explosive month for the leading altcoin. Market expert, ‘Crypto GEMs’ on X, predicts that Ethereum will break past $5,000 before the month is over. The analyst’s technical chart shows a strong bullish setup forming after Ethereum’s brief price correction. Related Reading: This Ethereum Descending Broadening Wedge Pattern Looks Similar To 2019-2020, Here’s What Happened Last Time Currently, ETH is trading around $3,554 following a steep drop from its July highs of around $3,900. While this decline may appear concerning to some, Crypto GEMs sees it as a golden buying opportunity. The analyst encourages traders to take advantage of lower prices and “buy the dip”, as ETH positions for its next potential leg up. Featured image from iStock, chart from Tradingview.com
Ethereum is undergoing a notable correction after an explosive rally that saw its price surge over 85% since late June. After reaching a local high near $3,940, ETH has pulled back approximately 13%, sparking debate among analysts about whether this is a healthy consolidation or a shift in market momentum. While some view the retracement as a natural pause after a rapid uptrend, others caution that selling pressure and macroeconomic uncertainty could trigger deeper downside moves. Related Reading: Exchanges Receive 21,400 Bitcoin At A Loss From Short-Term Holders – Retail Capitulation? However, on-chain data from CryptoQuant paints a different picture beneath the surface. Despite the recent price drop, a massive amount of Ethereum has been consistently withdrawn from exchanges over the past few weeks. This trend suggests aggressive accumulation by investors moving their holdings into cold storage, reducing the liquid supply on trading platforms. Such outflows are often interpreted as a bullish signal, indicating that holders are positioning for long-term gains rather than preparing to sell. As Ethereum continues to lead in areas like DeFi, stablecoins, and Real-World Asset (RWA) tokenization, this structural demand could provide a strong foundation for price stability and future rallies. Ethereum Bullish Accumulation Trend Continues Analyst Ali Martinez has revealed that over 1 million Ethereum (ETH) have been withdrawn from exchanges in the past two weeks, signaling a strong accumulation trend among investors. This massive outflow reduces the liquid supply of ETH available for trading, which historically correlates with long-term bullish price action. Despite Ethereum facing a 13% correction from its recent high of $3,940, the consistent withdrawal of coins suggests that investors are positioning for the next leg up. This accumulation trend mirrors the investor behavior seen in Bitcoin over the past year. BTC experienced a similar pattern of exchange outflows throughout 2024, which laid the groundwork for its massive bull cycle. Analysts now believe that Ethereum could follow a comparable trajectory, as the fundamentals supporting ETH remain robust, including its dominance in DeFi, stablecoins, and Real-World Asset (RWA) tokenization. While the market sentiment remains broadly bullish, some risks persist. Recent US job data released on Friday sparked short-term panic, injecting volatility across crypto and traditional markets. However, many analysts view Ethereum’s current correction as a healthy retracement and an opportunity to accumulate ETH at a discount before the market resumes its upward trend. Related Reading: Ethereum New Addresses Surge To Nearly 257K In A Day, Matching 2017 And 2021 Bull Markets ETH Testing Key Support After Sharp Correction Ethereum (ETH) is currently trading around $3,391 after a sharp correction from its recent high of $3,940. The 12-hour chart reveals that ETH has broken below its short-term support and is now testing the 50-day SMA at $3,462, which could act as a near-term support level. If bulls fail to defend this zone, the next critical support is located around $2,852, a key level that previously acted as strong resistance in late June. Volume spikes during the breakdown suggest increased selling pressure, which aligns with recent profit-taking activities by short-term holders. However, despite this drop, Ethereum’s price structure remains in an overall uptrend, with higher highs and higher lows intact on the broader timeframe. Related Reading: Bitcoin Advanced Sentiment Index Reaches Bearish Levels: Futures Traders Show Caution The correction appears to be a retest of previous breakout levels, as ETH had surged over 85% since late June. Maintaining the $3,350-$3,450 range is crucial for bulls to regain control and attempt another move toward the $3,860 resistance zone. Failure to hold could trigger a deeper correction towards the 100-day SMA at $2,972. Featured image from Dall-E, chart from TradingView
In a powerful show of investor confidence, spot Ethereum exchange-traded funds (ETFs) broke all records in July with $5.43 billion in net inflows. It marks the highest monthly inflow since their market debut and reflects a sharp 369% rise from June’s inflow of $1.16 billion. With 20 straight days of net inflows, spot ETH ETFs are now cementing Ethereum’s growing role as a leading digital asset in the eyes of traditional market participants. Spot Ethereum ETFs Hit Milestone With $5.43 Billion Inflow According to data from SoSoValue, the $5.43 billion net inflow in July also dwarfed May’s $564 million and April’s $66.25 million. It completely reversed the negative outflow trend seen in March, which saw a $403 million drop. As a result of this rise, cumulative net inflows across all spot Ether ETFs have now reached $9.64 billion, showing a 129% increase compared to June’s cumulative total. Related Reading: Ripple Exec Reveals What Will Drive The XRP Price Value The massive growth didn’t stop at inflows alone. Total net assets across all spot ETH ETFs jumped to $21.52 billion, doubling from $10.32 billion just a month earlier. These funds now account for 4.77% of Ethereum’s entire market capitalization, showing that ETFs are becoming a gateway for capital entering the ETH market. Institutional interest has played a role in this growth as BlackRock’s ETHA remains the leading spot Ethereum ETF by assets, pulling in $18.18 million on July 31 and now holding $11.37 billion. Fidelity’s FETH also gained $5.62 million that same day, raising its net assets to $2.55 billion. Grayscale’s ETHE still manages a solid $4.22 billion asset base, even with a $6.8 million outflow, showing its continued relevance. Ethereum Price Rallies As ETF Inflows Hit New Highs The record-setting ETF inflows also lined up with a sharp price rally in ETH throughout July. ETH started the month at $2,486 and climbed to a high of $3,933, an increase of nearly 60%. By the end of the month, it had settled at $3,698, making July Ethereum’s strongest monthly price move since October 2021. The steady rise in ETF inflows could be a key driver behind this surge, showing that more capital entering the space may have directly boosted market sentiment and pricing. Related Reading: BlackRock Staking For Its Spot Ethereum ETF Has Been Acknowledged — But What’s Coming For ETH? The ETH rally also marked the longest bullish monthly candle in nearly three years. As prices climbed, the spot ETFs recorded their longest-ever streak of daily net inflows, 20 days in a row without a single outflow after July 8. Some of the single-day gains came mid-month, including $726.7 million on July 16, $602 million on July 17, and $533.8 million on July 22. Ethereum could challenge its all-time high of $4,878, set in November 2021, as its rising role in decentralized finance and the growing use of regulated investment vehicles could help the asset. If the current pace of inflows and trading activity continues, it could soon take center stage in a broader altcoin-led market cycle. Featured image from UnSplash, chart from TradingView.com
Ethereum has entered a correction phase after weeks of aggressive buying pressure that pushed the price to a local high of $3,940. Following this rally, ETH has retraced over 12%, breaking below the $3,450 level as the market digests recent gains. The sharp pullback has sparked concerns of a deeper correction; however, on-chain data and market fundamentals paint a more optimistic picture. Related Reading: Ethereum Taker Sell Volume Hits $335M In Just 2 Minutes: Panic Or Profit-Taking? Despite the price drop, Ethereum’s underlying strength remains intact. Whale addresses continue to accumulate during this dip, signaling high-conviction buying from large investors who are positioning for long-term gains. Additionally, Ethereum network activity is rising, with metrics such as new addresses, transaction volume, and smart contract interactions climbing back to levels last seen during previous bull cycles. The broader narrative around Ethereum also remains bullish, driven by its dominance in decentralized finance (DeFi), real-world asset (RWA) tokenization, and stablecoin infrastructure. As institutional adoption grows and regulatory clarity improves, ETH’s fundamental value proposition continues to strengthen. Ethereum Network Growth Surges Top analyst Ted Pillows has shared key data from Glassnode revealing a massive surge in Ethereum network activity. According to Pillows, the number of new ETH addresses created in a single day recently hit 256,817—a figure that matches the network growth rates observed during Ethereum’s historic bull runs in 2017 and 2021. This milestone comes despite the market experiencing a recent price correction, signaling that investor interest and on-chain adoption remain robust. Such a sharp increase in new addresses is often viewed as a leading indicator of future price expansion. It reflects a growing influx of new participants entering the ecosystem, whether for DeFi, NFTs, or tokenized assets. Analysts see this rise in user activity as a foundational driver that could fuel Ethereum’s next rally, especially as ETH continues to trade just below multi-year highs. Adding to this momentum is the wave of legal clarity in the United States, which has removed significant regulatory uncertainty around Ethereum’s status. Institutional adoption is also accelerating, with large financial firms increasingly integrating Ethereum-based solutions into their offerings, from stablecoin infrastructure to tokenized securities platforms. Related Reading: Bitcoin Advanced Sentiment Index Reaches Bearish Levels: Futures Traders Show Caution The combination of strong on-chain fundamentals, a surge in new address creation, and institutional validation suggests that Ethereum’s current market position is not a fleeting trend. Despite short-term price fluctuations, the network’s explosive growth hints at the potential for further continuation above previous cycle highs. Ethereum Tests Key Support After Sharp Breakdown Ethereum has experienced a sharp breakdown from its recent consolidation range, with the price falling to $3,454.41 after failing to hold above the $3,600 level. The chart shows a clean rejection from the $3,860 resistance zone, leading to increased selling pressure that accelerated as ETH broke below the 50 and 100-period moving averages on the 4-hour timeframe. The next critical support now lies around the $3,450 level, which has acted as a previous accumulation zone during the last bullish leg. Volume has surged on this move down, suggesting that a significant portion of this drop is driven by short-term panic selling and liquidation cascades. However, the 200-period SMA is still positioned well below current levels, at $3,192.22, indicating that the broader uptrend remains intact unless that area is breached. Related Reading: Bitcoin New Investor Dominance Rises – No Signs of Mass Profit-Taking Yet If bulls manage to defend this $3,450 level and reclaim $3,600 quickly, Ethereum could stabilize and attempt a new rally towards the $3,860 resistance. Failure to do so might open the door for a deeper correction, with the $2,850 level being the next major downside target. Featured image from Dall-E, chart from TradingView
Ethereum has faced an 8% correction since Monday, cooling off from its recent rally and slipping below the key $3,850 level. This move suggests that the bullish momentum that carried ETH higher in July is beginning to fade, with price now entering a critical consolidation phase. Bulls are still holding key support levels, but the threat of a deeper correction is growing as selling pressure intensifies. Related Reading: Bitcoin New Investor Dominance Rises – No Signs of Mass Profit-Taking Yet On-chain data shows signs of profit-taking from large investors, adding to short-term volatility and uncertainty. Heavy selling volume over the past two days has sparked speculation across the market, especially as Ethereum remains below recent local highs. Analysts are split in their outlook—some argue that this is a healthy pullback within a broader uptrend, while others warn of a potential slide toward the $3,400–$3,500 range if sentiment worsens. Despite the recent drop, Ethereum’s long-term structure remains intact, with fundamentals like growing DeFi usage and Layer 2 adoption continuing to support the narrative. However, the next few days will be critical. If bulls can defend current levels and regain momentum, ETH could attempt another move toward $4,000. If not, the market may see extended downside pressure before a clearer recovery emerges. Ethereum Sees Massive Sell-Off In Two Minutes According to top analyst Maartunn, Ethereum experienced a dramatic spike in taker sell volume, reaching $335 million in just two minutes. This massive wave of sell orders signals a key moment in the market, one that could mark either the peak of profit-taking or the end of panic-driven capitulation. While some interpret the event as large investors securing gains after the recent rally, others believe this could reflect emotional selling from retail traders spooked by short-term volatility. Despite the heavy selling pressure, Ethereum’s long-term bullish narrative remains intact. Large players continue to accumulate, taking advantage of dips and buying from weaker hands. This activity suggests strategic positioning ahead of expected growth in adoption, especially as Ethereum cements its dominance in decentralized finance (DeFi) and real-world asset (RWA) tokenization. ETH spent months in a downtrend earlier this year, weighed down by macro uncertainty and regulatory fears. Yet, while the broader market showed weakness, sophisticated investors appeared to accumulate. Now, with sentiment shifting and the price structure strengthening, Ethereum seems well-positioned for the months ahead. The $335 million sell-off highlights market vulnerability—but also shows that whales are stepping in. If price holds current levels and sentiment stabilizes, Ethereum could see a renewed push toward the $4,000 mark as confidence returns. Related Reading: Whale Buys $153M In Ethereum From Galaxy Digital OTC: Institutions Are Betting Big ETH Tests Support After Breakdown Ethereum (ETH) has officially broken below its critical resistance zone near $3,860, signaling increased selling pressure and short-term weakness. After maintaining a steady range for nearly two weeks, the price has dropped to $3,619 on the 4-hour chart, finding temporary support just above the 100-period SMA (green line), currently near $3,670. This breakdown comes amid an uptick in bearish volume, suggesting momentum may favor sellers in the short term. The 50-period SMA (blue line), located around $3,762, has now turned into near-term resistance, capping any immediate recovery attempts. If bulls fail to reclaim the $3,760–$3,800 zone, Ethereum could risk deeper downside toward the next key support around $3,175 (200 SMA, red line) or even $2,852, which served as a base in early July. Related Reading: BlackRock Goes Heavy on Ethereum: Buys 4x More ETH Than BTC Despite this weakness, the broader trend remains structurally bullish as long as price stays above the 200 SMA. However, bulls must reclaim the $3,860 level and build momentum above it to regain strength. Until then, volatility is expected, especially as profit-taking and macro uncertainty weigh on sentiment. Featured image from Dall-E, chart from TradingView
Ethereum is once again approaching critical levels after a stretch of volatile yet bullish price action. Following a sharp rebound from yesterday’s low of around $3,675, ETH is now trading above the $3,800 mark, regaining momentum as traders eye a decisive move. While short-term volatility remains, the overall structure favors continuation—provided ETH can break cleanly above the $4,000 resistance level. Related Reading: Bitcoin Heat Macro Phase Signals Market Sits Between Accumulation And Distribution This threshold now stands as the key barrier between consolidation and a potential rally toward new highs. A confirmed breakout would likely ignite fresh bullish momentum across the broader altcoin market. Until then, price remains trapped in a narrowing range, testing both trader patience and liquidity depth. Meanwhile, on-chain data supports the bullish case. According to blockchain analytics platform Arkham, whales have ramped up their accumulation, with large addresses steadily adding to their ETH holdings in recent days. This ongoing accumulation trend reflects growing conviction among high-cap players and adds weight to the possibility of further upside in the months ahead. Whale Receives Ethereum From Galaxy OTC As Institutions Double Down Ethereum’s bullish narrative gained further momentum this week after Arkham disclosed a massive on-chain transaction involving a major institutional player. A fresh wallet address—0xdf0A67Ded855F8ea4baB6399690883243c0e2EF3—just received $153 million worth of ETH, purchased directly through Galaxy Digital’s over-the-counter (OTC) desk. The scale and nature of this transaction suggest growing institutional conviction in Ethereum’s long-term potential. This isn’t just another whale move. The fact that the ETH was funneled into a new wallet from a regulated OTC provider underscores the strategic accumulation taking place behind the scenes. As traditional finance increasingly integrates with crypto, Ethereum’s utility, programmability, and future role in tokenized finance are making it a high-conviction play among institutional allocators. This heavy buy comes after a prolonged period of weakness. Earlier this year, ETH suffered persistent selling pressure, with price action sliding lower for months. Retail interest faded, and sentiment turned bearish. But while the public panicked, sophisticated players appear to have taken the other side of the trade—accumulating quietly during the downturn. Related Reading: BlackRock Goes Heavy on Ethereum: Buys 4x More ETH Than BTC ETH Consolidates Below Resistance Ethereum (ETH) continues to trade in a tight range just below the key resistance level of $3,860.80, as shown in the 4-hour chart. Despite recent price volatility, ETH has remained above its 50- and 100-period moving averages, currently near $3,756 and $3,629, respectively. This suggests that bullish momentum is still intact in the short term. Volume has picked up slightly, indicating rising interest from traders as ETH tests this critical horizontal resistance. The price has failed to close decisively above this level multiple times since July 25, highlighting its significance. However, the consistent higher lows forming over the past week point to building buying pressure beneath the surface. Related Reading: Bitcoin Long-Term Holders Begin Distribution: Mirroring Fall 2024 Cycle A confirmed breakout above $3,860.80 could open the door for a push toward the psychological $4,000 level and beyond. Conversely, failure to break resistance may lead to another retest of the 100-period moving average or even the $3,700 support zone. Featured image from Dall-E, chart from TradingView
Ethereum has struggled with the resistance at $4,000 over the last three years and has yet to make a definite break above this level. The constant rejection from here suggests that this is now the level to beat if the Ethereum price is to ever resume its campaign for new all-time highs from here. Given this, how the price reacts now to this level will determine whether there is a major crash coming or if bulls can continue their domination and trigger an altcoin season. $4,000 Is The Decision-Maker For Ethereum After multiple failed retests over the last year, the $4,000 has emerged as the undisputed psychological level for the Ethereum price. Crypto analyst The Alchemist Trader refers to this as a high-timeframe barrier due to these rejections and the major level to watch to determine the next direction for ETH. Related Reading: This Indicator Has Perfectly Called Bitcoin Cycle Tops, Here’s What It’s Saying Now In the analysis, Alchemist explains that Ethereum has now entered a decisive stage while testing the upper boundary of a long-standing range. This long-standing range is identified as the $1,300-$4,000 range, which has held for more than a year. Following the most recent failure to break out of $4,000, Ethereum has fallen back into the range and has now entered consolidation. Below $4,000, the analyst believes that trading Ethereum is filled with both opportunity and risk. This all depends on whether the altcoin breaks out or fails next, putting investors in a precarious position of picking whether to long or short the digital asset at this level. Since previous retests of the $4,000 have led to rejections and a push back toward the mid-range or lower levels, it is possible that this time follows the established trend. However, there is still a lot of bullish sentiment in the market, and Ethereum could ride this wave into another breakout from here. What Happens In A Break Or Rejection In the event of a breakout above the $4,000, the crypto analyst does see the Ethereum price reaching new yearly highs from here. The first major resistance after $4,000 would be the $4,500 level. Next up would then be the $5,000 psychological level, which would mean brand new all-time highs for the altcoin if it were to test this resistance. Related Reading: Ethereum Price To $20,000? ETH Is Mirroring Bitcoin’s Move From 2021 On the flip side, another total rejection of $4,000 could trigger a massive crash. The last rejection from this psychological resistance back in December 2024 led to a multi-month decline that saw the price crash more than 60% before finding a bottom four months later at around $1,500. In the latter scenario, the analyst expects the Ethereum price to continue to trade inside the established $1,300-$4,000 range. As such, Alchemist advises investors that “Until a decisive move occurs, traders should remain cautious and reactive rather than overly anticipatory.” Featured image from Dall.E, chart from TradingView.com
Crypto analyst Lourenço has predicted that the Ethereum price could rally to $9,000 in this market cycle. This comes as ETH eyes a breakout against its BTC pair, which could spark a massive run for the crypto and other altcoins. Ethereum Price Eyes Rally To $9,000 This Cycle In an X post, Lourenço opined that the Ethereum price could rally to as high as $9,000 at some point in this market cycle. This came as he analyzed the weekly ETH chart. The analyst noted that, depending on how the trend on the upper side of the wedge is drawn, the altcoin may have already broken it with hard closes above. Related Reading: Ethereum Price To $20,000? ETH Is Mirroring Bitcoin’s Move From 2021 Lourenço declared that the $4,000 level is an important one and that once it flips into support, there will be additional resistance between $4,700 and $5,000. However, the analyst believes that the Ethereum price is ultimately set to go and tag between $8,000 and $9,000. He also indicated that the risk-return ratio on ETH is very hard to ignore at the moment. Crypto analyst Galaxy also echoed a similar bullish sentiment for the Ethereum price. In an X post, he said that there is a lot of potential upside for ETH on the BTC pair. The analyst noted that the Relative Strength Index (RSI) is still bottomed and that, from his perspective, the trend is just beginning. His accompanying chart showed that the RSI isn’t in overbought levels despite the fact that the Ethereum price has rallied over 60% in the past month. Notably, ETH’s RSI had surged above 60 on previous highs, including when it reached its current ATH of $4,800 in 2021. The Key Is For ETH To Break Above $4,000 In an X post, crypto analyst Ted revealed that the key is for the Ethereum price to break above the $4,000 level. He noted that since the 2021 ATH, ETH hasn’t been able to reclaim the $4,000 level. However, if that happens this time around, he declared that the ETH pump will be “unstoppable.” Related Reading: Crypto Founder Reveals What Will Drive Ethereum Price To $10,000 His accompanying chart showed that the Ethereum price could rally to $5,200 in the short term. This will mark a new all-time high for the altcoin. Crypto analyst Merlijn also hammered on the $4,000 resistance. He noted that this has been the ceiling for ETH since 2021, and it has been rejected from this level seven times. However, the Ethereum price is again looking to break above this level. Merlijn remarked that this resistance isn’t just another resistance but the “gate to price discovery.” His accompanying chart showed that ETH could reach $11,000 between now and 2026 if it breaks this resistance level. At the time of writing, the Ethereum price is trading at around $3,800, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com
Ethereum has entered a volatile and decisive phase following weeks of strong buying pressure and rapid price appreciation. After pushing above $3,800, ETH is now facing resistance, with bulls stepping in to defend key lower demand zones. The market appears uncertain, caught between a potential continuation toward new highs and the risk of a broader cooldown. Related Reading: Abraxas Capital Faces $100M Unrealized Loss On $800M Crypto Short Positions – Details Adding to the momentum, new data from Arkham reveals that BlackRock purchased over four times more Ethereum than Bitcoin last week. This shift marks a significant moment for institutional involvement in Ethereum and signals growing confidence in its long-term potential. Analysts across the industry are beginning to take note, interpreting the move as a signal that Ethereum may be gaining favor among traditional finance giants. As Bitcoin consolidates near all-time highs, Ethereum now stands at a crossroads. Will it continue climbing and close the gap, or will rejection above $3,800 mark the beginning of a local top? BlackRock’s Ethereum Allocation Signals Growing Institutional Shift Arkham data has revealed a significant development in institutional crypto allocation: BlackRock purchased over $1.2 billion worth of Ethereum last week, compared to just $267 million in Bitcoin. This 4.5x disparity signals a decisive shift in institutional strategy, with capital now flowing more aggressively into ETH than BTC. For many in the market, this is what true institutional Ethereum adoption looks like—massive inflows that reshape market dynamics. This shift didn’t start overnight. Institutional interest in Ethereum began building back in April, when ETH hit a cycle low near $1,380. Since then, a combination of legal clarity, progress around ETF approval, and Ethereum’s maturing role in the financial ecosystem has fueled a steady wave of accumulation from large players. BlackRock’s latest allocation is simply the most visible and significant confirmation of that trend. As the broader crypto market heats up, Ethereum appears well-positioned to continue its upward trajectory. However, not everything is straightforward. ETH is now struggling to break through resistance around the $3,800 level, and the failure to reclaim new highs is beginning to stir uncertainty. Some analysts warn that the current rally may lose steam without a breakout, and fear of a short-term correction is growing. Related Reading: Bitcoin Long-Term Holders Begin Distribution: Mirroring Fall 2024 Cycle ETH Faces Key Resistance After Parabolic Rally Ethereum has staged an impressive rally over the past few weeks, surging from sub-$2,000 levels to a current price of $3,782.61. The weekly chart shows a strong bullish breakout from the $2,852.16 resistance zone, with ETH now approaching a critical barrier near $3,860.80. Price briefly reached a high of $3,941.86 before pulling back, signaling potential short-term exhaustion after an aggressive upside move. Volume has increased significantly during this breakout, confirming strong buying interest. The 50, 100, and 200-week SMAs—all converging around $2,700–$2,850—now serve as key support, reinforcing the strength of the breakout. As long as ETH remains above the $2,850 level, the broader structure remains bullish. Related Reading: TRON Sees $1B USDT Mint: Liquidity Wave Incoming? However, the current pause below $3,860 suggests indecision as bulls encounter historical resistance. A clean weekly close above this level could open the door to a continuation toward $4,200–$4,400. On the downside, a rejection followed by a drop below $3,500 may trigger a short-term correction as traders secure profits. Featured image from Dall-E, chart from TradingView
The Ethereum price may be setting the stage for a historic breakout, as a new technical analysis suggests that ETH is closely mirroring the Bitcoin (BTC) price action from 2020 to 2021. With Ethereum currently consolidating beneath a long-term downtrend line and approaching critical resistance, a crypto analyst eyes a potential move to $20,000 if the historic pattern continues to play out. Ethereum Price Mirrors Bitcoin’s Historic 2021 Pattern According to a new analysis by crypto market expert Ted Pillows, Ethereum’s current price structure is beginning to reflect a striking resemblance to Bitcoin’s breakout phase in late 2020. The analyst’s chart shows ETH following a nearly identical pattern of accumulation, re-accumulation, and compression within a descending triangle fractal that Bitcoin displayed before its parabolic bull run in 2021. Related Reading: Billionaire Mike Novogratz Says Ethereum Will Enter Price Discovery If It Takes Out This Level At the time, Bitcoin had surged from a whopping $9,550 to roughly $64,000, marking a significant price increase of 570.37%. Just like BTC during the COVID pandemic shakeout, Pillow’s analysis shows that ETH has now emerged from a prolonged consolidation phase and is testing the downtrend resistance line that has capped its highs since the 2021 peak. If Ethereum breaks through its diagonal resistance, the analyst’s chart indicates that a vertical surge toward $29,500 may become technically viable. This would represent a significant increase of approximately 672% from the cryptocurrency’s current price of $3,820. Notably, the path to this bold target mirrors Bitcoin’s trajectory after it broke out of its long-term downtrend, triggering a rapid and exponential move. The chart also illustrates a potential breakout zone that aligns with the timing of the previous cycle’s price expansion—indicating that Ethereum could be preparing for its most powerful price rally yet. While the trajectory of Pillows’ arrow on the chart targets a possible surge toward $29,500, the top of the green shaded zone suggests Ethereum could reach a peak above $58,500. Such a bold move would mark a historic breakout, representing a surge of roughly 1,432% and placing ETH at nearly half of Bitcoin’s price of $118,940 as of writing. Analyst Sets $5,000 As ETH’s Minimum Target Due to Ethereum’s bullish run lately, a few analysts in the crypto community have forecasted a potential rally toward the $5,000 mark—a move that would set a new all-time high for the leading altcoin. However, while many consider a surge to $5,000 a major milestone, Pillows views this target as merely a baseline. Related Reading: This Ethereum Descending Broadening Wedge Pattern Looks Similar To 2019-2020, Here’s What Happened Last Time He has set $5,000 as the minimum target for his outlook, emphasizing his firm conviction in ETH’s bullish potential. On the chart, Ethereum’s recent consolidation is marked as a re-accumulation zone, setting the foundation for a significant rally. With a breakout from its long-term resistance in sight, Pillows’ analysis suggests that Ethereum could experience an extended bull phase with limited overhead resistance. Featured image from Getty Images, chart from Tradingview.com
With the Ethereum price experiencing a decline on Monday amid a broader market correction, the altcoin continues to shine with one of its best performances in July to date. Over the past thirty days, the Ethereum price has surged by an impressive 80%, marking a significant recovery after a long period of consolidation and retest of lower levels that saw minimal bullish activity. Ethereum Price Poised For Breakout While other major digital assets like Bitcoin (BTC) and XRP have reported gains of 10% and 40%, respectively on the monthly time frame, the recent Ethereum price resurgence is particularly notable. Crypto analyst Lark Davis recently took to the social media platform X (formerly Twitter) to assert that Ethereum is on the verge of breaking the $4,000 mark, indicating that momentum is building rapidly. Related Reading: TRON Sees $1B USDT Mint: Liquidity Wave Incoming? Despite its recent gains, Ethereum remains approximately 25% shy of its peak from the 2021 cycle. Historically, Bitcoin dominance has played a crucial role in determining the Ethereum price trajectory. The analyst observed that for the Ethereum price to reach its peak, Bitcoin’s dominance needs to dip to around 40%. Currently, Bitcoin’s dominance is in a downtrend at 61%, and the last time it fell to similar levels, ETH rallied over 200%. Another analyst, known as JACKIS on X, has made a bold proclamation that Ethereum will likely never trade below $3,000 again, suggesting that any such decline would indicate a catastrophic failure of the asset. However, JACKIS acknowledges that a temporary correction down to around $3,400 is still plausible given Ethereum’s proximity to the $4,000 threshold. Wall Street Sees $60,000 Implied Value Adding to the bullish sentiment surrounding ETH’s momentum, the network’s potential has been emphasized by BitMine, a company involved in Bitcoin and Ethereum mining. In a recent social media thread, BitMine highlighted that many on Wall Street view Ethereum as the most significant macro trade for the next decade. Tom Lee, the chair of BitMine, referred to stablecoins as the “ChatGPT moment” for the cryptocurrency space, projecting that stablecoin market capitalization could soar to $4 trillion—a tenfold increase. Notably, over 60% of these stablecoins are based on the Ethereum network, boosting demand for the token. Moreover, Wall Street is increasingly exploring ways to tokenize assets on the Ethereum blockchain, further driving interest and investment in the platform. Related Reading: Asia’s Bitcoin Giant Metaplanet Adds 780 BTC In Massive Crypto Bet BitMine referenced a research titled “The Bull Case For ETH,” which posits that the long-term value of Ethereum could reach an astonishing $704,000, representing an extraordinary 18,000% increase from current levels. To contextualize this valuation, BitMine consulted several research firms to estimate the “replacement” value of Ethereum in relation to Wall Street’s activities. While this figure is intended for illustrative purposes, the implied value for Ethereum has been suggested to be around $60,000. When writing, ETH price trades approximately at $3,766. Featured image from DALL-E, chart from TradingView.com
Despite what is akin to a bull market with the Bitcoin price hitting multiple new all-time highs, the Ethereum price continues to hit major resistances in its campaign for new highs. The most recent is the resistance push at the $3,800, which perfectly aligns with the 4-year resistance line that has kept the leading altcoin by market cap from hitting new all-time highs. However, as Ethereum once again gears up for a retest, this time could be the chart that signals the breakout. Ethereum On The Verge Of Breakout Crypto analyst MMCrypto highlighted a possible breakout on the Ethereum price chart after the altcoin moved back toward a 4-year resistance trendline. This trendline had begun back in 2021 when the Ethereum price had hit its $4,800 all-time high, and since then, it has become the resistant trendline to beat for the ETH price to rally to new highs. Related Reading: Dormant Whale Sells $80,000 BTC, But Bitcoin Bulls Still In Control Over the last four years, this resistance trendline has held firmly, beating the Ethereum price back down from the $4,000 level. This has prevented a rally toward its $4,800 and made the $5,000 expected target push even farther away. But now, there could be another opportunity for Ethereum to turn the tide and break this resistance once and for all. Currently, the ETH price is still trending below $4,000, suggesting that the bears are still holding the resistance line. With the price trading below this resistance, MMCrypto points out that ETH has now been underperforming for four years. Given this, a large number of investors have lost money on their investments or haven’t seen a profit. The major target now is for the resistance to be broken. The crypto analyst explains that once this happens, then the Ethereum price could see a monumental pump from here. This pump, he explains, will be fueled by investors who have yet to realize any profit on their ETH holdings over the last four years. Related Reading: XRP Bullish Cross Playing Out Again: $9 Or $24 Next? With the expectation that the resistance trendline will be broken, the analyst urges investors to be patient. He points out that once the pump begins, those who were patient will be the ones to reap the profits of this ETH price action. Additionally, Ethereum will not be the only altcoin to benefit from a pump. Previous altcoin seasons have been sparked by movements in the Ethereum price, and if ETH is able to break toward a new all-time high, then the altcoin market is expected to follow suit. “The Ethereum Pump if & when it happens, will have a broad influence on the whole Crypto Space & take many Altcoins with it! Be ready, be prepared,” the analyst said in closing. Featured image from Dall.E, chart from TradingView.com
Ethereum is steadily gaining ground as Bitcoin’s dominance continues to decline, signaling a quiet shift in market power. As ETH captures a larger share of the crypto landscape, key support and resistance levels are now in focus, pointing to potential for further upside. Ethereum Captures Larger Market Slice as BTC Weakens In a recent update on X, The Boss pointed out that Ethereum’s dominance in the crypto market is steadily increasing, aligning with previous expectations. As Bitcoin dominance begins to slip, Ethereum is gaining momentum, gradually capturing a larger share of the total market capitalization. This shift highlights the growing confidence in Ethereum’s relative strength compared to Bitcoin under current market conditions. Related Reading: Billionaire Mike Novogratz Says Ethereum Will Enter Price Discovery If It Takes Out This Level The Boss also emphasized the technical significance of a green line marked on the dominance chart, identifying it as a key support zone. As long as Ethereum dominance remains above this level, the bullish outlook remains intact. This support has previously acted as a reliable floor during past consolidations, and holding above it could provide the foundation for further gains in dominance. Attention is now turning to potential resistance zones, which The Boss illustrated using yellow lines derived from Fibonacci retracement levels. These levels represent likely areas where ETH dominance could face selling pressure or hesitation. However, surpassing them could indicate further strengthening of Ethereum’s position in the market. Overall, The Boss’s analysis suggests that the decline in Bitcoin dominance may be fueling Ethereum’s rise, and the technical setup remains favorable for ETH as long as it stays above the highlighted support. ETH Eyes Key Resistance Zone At $3,900 Within Rising Channel Thomas Anderson recently shared his analysis of the ETHUSD H1 chart, observing that Ethereum was trading at $3,851.25 and approaching a key resistance zone between $3,876 and $3,900. Price action is unfolding within an ascending channel, with the upper yellow line marking a critical resistance area. Related Reading: Ethereum Could Shoot Above $4,000 This Week, Predicts Analyst He further noted that the 200-day moving average, represented by the red line on the chart, is offering dynamic support around the $2,900 level. This moving average has played a crucial role in sustaining the uptrend and remains an important level to monitor in case of a retracement. The analyst highlighted that Ethereum is now testing the upper boundary of a larger ascending channel, with the $3,287.74 level acting as a solid support zone in the 4H context. Anderson emphasized that this level has served as a major floor during recent consolidations, indicating that any near-term pullback may stabilize there. While the trend remains bullish, ETH could face a temporary dip at current levels before a sustained breakout above the $3,900 area. Featured image from iStock, chart from Tradingview.com
Crypto analyst BATMAN has revealed that Ethereum is primed to make a parabolic run to a new all-time high (ATH) of $5,000. The analyst also mentioned the first resistance that ETH needs to break to reach this psychological level. Ethereum Ready To Break Out And Reach $5,000 In an X post, BATMAN noted that Ethereum is ready to break out of a massive consolidation and rally towards $5,000. He stated that the first resistance is between $4,000 and $4,200. Once that is done, there is no resistance until between $4,800 and $5,000, which could spark this rally to the $5,000 psychological level. Related Reading: Crypto Founder Reveals What Will Drive Ethereum Price To $10,000 The analyst declared that Ethereum is still in bullish territory and outperforming Bitcoin. As such, he believes any dips from here could be strong buy zones. Indeed, ETH is currently outperforming BTC. The former is up over 61% in the last 30 days while the latter is up just 11% during this period. It is also worth noting that Ethereum is already looking to reclaim the first resistance between $4,000 and $4,200. The largest altcoin by market just recently broke above $3,900 and is now looking to touch $4,000 for the first time since November last year. Crypto analyst Titan of Crypto also indicated that a parabolic move may be on the horizon for ETH. In an X post, he stated that the ETH/BTC chart is heading to the reload zone, which could spark a massive breakout for Ethereum. His accompanying chart showed that the altcoin could rally to between $7,300 and $8,700 on this move. This suggests that a rally to $5,000, as predicted by BATMAN, is unlikely to signal the top for ETH in this market cycle. ETH Dominance Also On The Rise In an X post, crypto analyst Rekt Capital revealed that Ethereum’s dominance is on the rise, increasing to around 12% for the first time in five years. He noted that the last time the ETH dominance reached 12% was exactly five years ago, in July 2020. With this latest increase, Rekt Capital stated that the altcoin’s dominance is now looking to reach as high as 14%. Related Reading: This Ethereum Descending Broadening Wedge Pattern Looks Similar To 2019-2020, Here’s What Happened Last Time This development is significant as it could usher in altcoin season, led by Ethereum. Blockchain Center data shows that the altcoin season index has surged recently to 47, although it still needs to touch 75 for it to be considered altcoin season. Crypto analyst Mikybull Crypto believes this should happen soon, especially with a golden cross forming on the ETH/BTC chart. At the time of writing, the Ethereum price is trading at around $3,900, up over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com