Ethereum Shatters 1.5-Year Resistance: $7,000 Target Now in Play
Ethereum just bulldozed through a critical resistance level—one that held firm for 18 grueling months. Traders are now eyeing a staggering $7,000 price target as the next stop.
Why this breakout matters: When ETH finally cracks a multi-year ceiling, it doesn’t just creep higher—it rockets. The last time this happened, gains topped 300% in under six months.
The cynical take: Wall Street’s still busy arguing about ‘crypto as an asset class’ while ETH quietly flips entire hedge-fund portfolios. Some things never change—like slow-moving institutional FOMO.
Ethereum Technical Breakout Signals New Highs in August
Ethereum broke above a long-standing resistance level of $4,100 on Saturday and now has a favorable outlook for gains, according to analyst Cas Abbe. He emphasizes that Ethereum has been green for six of the past seven weeks and expects this momentum to continue through August.
“A red candle won’t change anything, so I’m expecting a retest of the breakout level. After that, institutional buying will resume and push $ETH to a new all-time high by the end of August.”
Abbe predicts a retest of the $4,100 level, but believes that once this occurs, institutional investors will enter and propel $ETH to new highs. Price retests are common after significant breakouts as early traders take profits and liquidity builds, often setting the stage for the next leg up.
The analyst says that Ether could reach new highs in August, and his chart forecasts a rally toward $7,000 this year.
How Institutional Adoption is Driving the $ETH Surge
Unlike previous market cycles, it’s not just retail investors driving the current Ethereum surge; institutional liquidity flows are the driving force. Ethereum’s exchange-traded fund (ETF) flows are nearing $10 billion, with momentum having picked up recently as Bitcoin’s institutional frenzy cools.
At the same time, corporate treasuries are helping bolster the $ETH price, with Tom Lee’s Bitmine planning to purchase an astonishing 5% of the total Ether supply. The company recently launched and has accumulated $3 billion worth of ETH in just 27 days.
Supporting all of this is growing on-chain institutional adoption. Asset tokenization, LAYER 2 solutions, and stablecoins are three key areas attracting institutions and banks to the Ethereum blockchain.
“Ethereum is arguably the biggest macro trade over the next 10-15 years as Wall Street increasingly adopts blockchain technology and AI accelerates the adoption of tokenomics – the largest layer 1 is Ethereum,” said Tom Lee on X.
With Ethereum’s prospects looking the best they have for years, there’s an optimistic mood across the altcoin market right now. Ethereum often acts as a leading indicator for altcoins, with strong rallies signaling a “risk-on” mindset among investors. This means that $ETH’s momentum has historically preceded significant surges across the wider altcoin sector.
And as such, analysts are eagerly seeking altcoins that could generate the biggest returns as Ethereum rallies. Several prominent traders have backed Bitcoin Hyper as a promising option, with its presale stage and strong use case leading to predictions of up to 40x gains.
Best Crypto to Buy? Analyst Backs Bitcoin Hyper to 40x in 2025
Capital is flowing into Ethereum as institutional players seek ways to multiply their bitcoin gains, and Bitcoin Hyper aims to capitalize on this trend.
It’s a Bitcoin layer 2 blockchain that offers low fees, high speeds, and smart contract compatibility. The project will be the first Bitcoin layer 2 built using ZK-rollups, making it faster and more secure than competitors. It will also allow for DeFi operations, such as staking and dApps.
Additionally, Bitcoin Hyper employs Solana VIRTUAL Machine execution, unlocking rapid speeds while making the network interoperable with Solana. This means that, soon, Solana developers can migrate their apps to Bitcoin Hyper with just a few clicks, gaining access to the security and liquidity of the world’s most powerful blockchain infrastructure.
This combination of technological breakthroughs and interoperability between two of the hottest crypto ecosystems is why analysts believe $HYPER has serious upside potential. 99Bitcoins’ Umar Khan recently posted an analysis on YouTube suggesting $HYPER could see 40x gains this year.
The project is currently in presale, having raised $8 million so far, which shows massive market appeal.
The presale raise is increasing by approximately $1 million each week, a clear sign of snowballing momentum. This fuels the possibility of huge returns once $HYPER lists on exchanges, making it one of the most interesting new projects to watch this year.
Visit Bitcoin Hyper Presale
