Ethereum Price Analysis: Is ETH Ready to Break Through the $4K Barrier?
Main Idea
Ethereum (ETH) is consolidating below $4,000 after a strong rally, with key technical indicators suggesting continued bullish momentum despite overbought conditions.
Key Points
1. ETH is trading around $3,730, having surged from the $2,500 range, and is consolidating below the $4,000 resistance level.
2. The asset remains above the 100-day and 200-day moving averages, which are curling upward, indicating strong bullish momentum.
3. The next major resistance level is $4,100, with potential support between $3,300 and $2,900 in case of a downside correction.
4. The daily RSI is elevated at around 78, signaling overbought conditions, but a sharp reversal has not occurred yet.
5. Ethereum exchange reserves have declined to a multi-year low of 19.3 million ETH, suggesting holders are moving ETH off exchanges, which historically aligns with bullish trends.
Description
Ethereum continues to hold its recent breakout gains, trading around $3,730 after a powerful leg up from the $2,500 range. This rally has pushed ETH into a critical technical zone, while on-chain metrics offer insight into market sentiment. Despite the sharp move, we’re not seeing overwhelming signs of euphoria yet. Technical Analysis By ShayanMarkets The Daily Chart On the daily chart, ETH is consolidating just below the $4,000 level after breaking through key resistance at $3,300. The asset is...
Latest News
- Whales Bought the XRP Dip While DOGE Hits Key Accumulation Zone: Details2025-07-26 06:47:19
- Is This the Ultimate Bullish Signal for BTC and XRP?2025-07-26 05:40:12
- Japanese AI Company Quantum to Acquire 3,000 BTC Amid Trade Agreements With US2025-07-26 03:42:37
- ETH to Lead BTC Over Next 6 Months, Says Galaxy CEO2025-07-25 22:25:14
- Here Are Major Milestones for Litecoin So Far in 20252025-07-25 20:32:40