Ethereum Price Analysis: How Close Is ETH to Breaking Above $4K?
Main Idea
Ethereum's price is nearing a potential new high in 2025, supported by bullish technical indicators and increased institutional holdings.
Key Points
1. ETH's price has rebounded from the $2,100 support level and broken above the 100-day and 200-day moving averages, indicating a bullish trend.
2. A bullish crossover around the $2,600 mark suggests a potential pullback to the $3,300 support zone before a breakout above the previous high of $4,107.
3. Institutional holdings of ETH have reached a record high of over 5.3 million, driven by ETFs, trusts, and crypto-focused funds.
4. The surge in institutional demand aligns with Ethereum's breakout above $3,000 and is expected to support its price in the coming weeks.
Description
Ethereum’s price is very close to making a new high in 2025, following Bitcoin’s recent record-breaking run. However, there are some signs of caution, as the market might be overheated, as momentum indicators suggest. Therefore, while the market structure is still bullish, this might not be a good time to buy ETH due to its riskiness. Technical Analysis By ShayanMarkets The Daily Chart As the daily chart shows, ETH’s price has been rallying aggressively since its rebound from the $2,100 support ...
Latest News
- Binance Earn Unveils Feature Letting Users Buy Crypto at a Discount2025-07-29 22:28:49
- CoinDCX CEO Denies Reports of a $900M Acquisition by Coinbase2025-07-29 20:39:30
- PENGU Drops 9%, But ATH Breakout Still Within Reach2025-07-29 18:37:41
- BlackRock’s ETH ETF Could Soon Offer Staking—SEC Filing Moves Forward2025-07-29 18:22:04
- Ripple Price Reversal Incoming as Investors Pull XRP Off Exchanges?2025-07-29 17:58:49