Ethereum Rockets 40% in 96 Hours—Here’s Where the Rally Goes Next

ETH’s blistering surge leaves traders scrambling—was this the start of a macro bull run or just another over-leveraged dead cat bounce? Let’s break down the catalysts and critical levels to watch.

The fuel behind the frenzy: Spot ETF whispers, layer-2 adoption metrics hitting all-time highs, and a classic short squeeze that vaporized $200M in bearish bets. Never underestimate crypto’s ability to make hedge funds look stupid.

Key technical battlegrounds: The $4,200 resistance level held firm last week—a clean break here could trigger FOMO inflows from traditional finance tourists. Watch the $3,800 zone as new support; losing it would confirm this was just another ’buy the rumor, sell the news’ circus.

The wildcard: Bitcoin’s halving aftermath typically sucks oxygen from altcoins—but this time, ETH might just steal the show. Or crash spectacularly. Welcome to crypto, where the fundamentals are made up and the charts don’t matter (until they do).

As per CoinMarketCap data, Ethereum is still 48% away from its all-time high of $4,891—marked 3 years ago on November 16, 2021. 

While noting the bullish momentum, a crypto trader and analyst Titan of Crypto, notes that Ethereum has reclaimed the 5-year trendline and the MACD–a key indicator– is also flipping bullish on the weekly chart. 

#Ethereum is Back! 🔥#ETH just reclaimed the 5-year trendline it had deviated from. Plus, the MACD is flipping bullish on the weekly chart.

They called it dead.
Looks like it’s coming back to life. pic.twitter.com/odsVN8I3dU

What to expect this week? 

Ethereum’s remarkable 40% surge over the past four days, climbing to as high as $2,600, has ignited bullish sentiment across the crypto market. 

Analysing this pump, several analysts are attributing this rally to a combination of factors, including significant ETH buyings and outflows from exchanges, renewed institutional interest as well as enhanced regulatory environment for DeFi products. 

From the technical perspective, the bullish engulfing pattern and a breakout above the $2,000 resistance suggest a strong momentum, with the weekly chart showing ETH flipping the $2,200-$2,300 range into a new key support. 

With market sentiment leaning towards free of any major risks and following positive macro developments, analysts expect Ethereum to target $2,800 this week, provided bullish control above the $2,455 support zone. 

Also read: Bitcoin at $105K Amid US-China Tariff Relief & SEC Roundtable