Ethereum 9.65% Away From Massive 4-Year Breakout – $3,500 ETH Before Weekend?
2025-07-16 20:32:12
Main Idea
Ethereum is nearing a significant breakout, trading above $3,280 and just 9.65% away from its 2021 all-time high, with bullish indicators suggesting potential targets of $3,500 and $4,000 soon.
Key Points
1. Ethereum has broken the $2,800 resistance level and is trading above $3,280, close to its 2021 all-time high of $4,891.
2. A bull flag pattern and high trading volume ($40 billion) indicate potential for Ethereum to reach $3,500 soon and possibly $4,000.
3. BlackRock's ETHA index has accumulated over $5 billion in Ethereum, with $1 billion added between June and July 2025.
4. SharpLink Gaming has aggressively accumulated Ethereum, holding 312,000 ETH worth $974 million, surpassing even the Ethereum Foundation's holdings.
5. Technical analysis shows a Wyckoff 'Spring' phase and bullish momentum, with $3,757 and $4,000 as next major upside targets.
Description
Ethereum has finally shattered the persistent $2,800 resistance level, with bulls now firmly in control of price action. At the time of writing, ETH is trading above $3,280 for the first time since February and sits just 9.65% away from breaking out of a four-year channel that has kept it beneath its 2021 all-time high of $4,891. With a bull flag pattern forming and trading volume surpassing $40 billion, it appears likely that Ethereum will trade beyond $3,500 before the weekend and could reclai...
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