Ethereum Price Analysis: ETH Eyes Break Above $4K, But a Few Hurdles Remain
Main Idea
Ethereum maintains a bullish structure, trading near $4,100, with key support levels and potential for further upward movement if certain conditions are met.
Key Points
1. Ethereum is consolidating below $4,100 after breaking past resistance levels at $2,800 and $3,300.
2. The $3,300 zone, previously a supply area, now acts as support, reinforcing the bullish trend.
3. The RSI indicates a short-term cooldown, but the bullish pattern remains intact as long as ETH stays above $3,300.
4. A confirmed breakout above $4,000 could signal further gains, while a drop below $3,500 may shift momentum downward.
5. Key support levels to watch are $3,700 and $3,500, with the latter being critical for maintaining the bullish trend.
Description
Ethereum continues to hold its bullish structure, trading just below the key $4,100 level. After a strong multi-week rally, the asset is showing signs of slowing momentum, but still maintains its higher-timeframe breakout structure. With short liquidations still spiking and no signs of aggressive profit-taking yet, bulls are trying to push higher, but risks of local pullbacks are increasing. Technical Analysis By ShayanMarkets The Daily Chart On the daily chart, ETH is consolidating below its pr...
Latest News
- This is Very Bullish (and Surprising) for XRP: Coinbase Reveals2025-08-01 13:02:27
- Pi Network’s (PI) Price Crashed to an All-Time Low: Is There Light in the Tunnel?2025-08-01 13:01:25
- 200% Surge or 25% Pullback for Bitcoin as Grok Spots Familiar Setup2025-08-01 11:48:15
- Ethereum (ETH) Price Decline, Recent Cardano (ADA) Predictions, and More: Bits Recap August 12025-08-01 11:29:57
- BlackRock Ripple (XRP) ETF Coming Soon? Here’s What You Need to Know2025-08-01 11:25:15