Ethereum’s Bullish Trajectory: Analyzing the Path to $4,350

Ethereum is demonstrating strong bullish momentum as it maintains crucial support levels and eyes a significant price target of $4,350. The cryptocurrency has successfully rebounded from its recent low of $3,890 and is now trading steadily above the psychologically important $4,000 threshold. Technical analysis reveals a constructive setup for ETH/USD, with the formation of a bullish trendline at $3,980 on Kraken's hourly charts indicating sustained upward pressure. The recovery wave has gained substantial traction, suggesting growing investor confidence and market strength. Market analysts are closely monitoring Ethereum's ability to maintain these support levels, as continued stability above $4,000 could pave the way for testing the $4,350 resistance level. The current technical structure, combined with positive market sentiment, creates an optimistic outlook for Ethereum's short to medium-term performance. The cryptocurrency's resilience in holding key support zones demonstrates the underlying strength of the bull case, while the clear technical patterns provide traders with well-defined risk parameters. As Ethereum continues to build momentum, the $4,350 target represents not just a price milestone but a significant psychological barrier that, if broken, could open the door for further gains. The market's response to these technical developments will be crucial in determining whether Ethereum can sustain its recovery trajectory and achieve the projected targets in the coming trading sessions.

Ethereum Holds Key Support, Bulls Eye $4,350 Amid Recovery

Ethereum's price action suggests growing bullish momentum as it stabilizes above critical support levels. The second-largest cryptocurrency by market cap has rebounded from its $3,890 low, now trading comfortably above the psychologically important $4,000 threshold. Technical indicators reveal a constructive setup, with ETH/USD forming a bullish trendline at $3,980 on Kraken's hourly chart.

The recovery wave gained traction after clearing the 50% Fibonacci retracement level of the recent pullback. Market participants are watching the $4,200 resistance level closely—a decisive break could open the path toward $4,350. The 100-hour moving average currently provides dynamic support, while the 76.4% Fib level at $4,200 presents the next immediate hurdle.

Traders appear cautiously optimistic as ethereum demonstrates relative strength against Bitcoin. The formation of higher lows since the $3,890 bottom suggests accumulation at these levels. A sustained move above $4,290 would confirm the bullish thesis, potentially triggering a wave of algorithmic buying pressure across major exchanges.

Stablecoin Exodus: Exchange Outflows Hit Highest Level Since May 2021

Ethereum-based stablecoins are experiencing their largest exodus from centralized exchanges in over three years. On-chain analytics reveal a surge in withdrawal transactions to self-custody wallets, reaching levels not seen since May 2021.

The trend signals a notable shift in investor behavior. Rather than maintaining stablecoins on exchange balances for potential trading opportunities, market participants are increasingly moving them to private wallets. Such movements typically indicate either long-term holding strategies or preparation for decentralized finance deployments.

While exchange outflows often suggest bullish sentiment for volatile assets, the implications for stablecoins differ. The current migration pattern reflects growing preference for self-custody amid evolving regulatory landscapes and expanding DeFi yield opportunities.

Ethereum’s Technical Reset: $3,800 Support May Ignite The Next Wave Upward

Ethereum is approaching a critical juncture as it consolidates NEAR the $3,800 support level. Technical indicators and price action suggest a potential bullish reversal following a recent correction phase.

The cryptocurrency breached its key $4,060 support, signaling possible short-term bearish pressure. Analysts now watch the $3,800 zone closely—a historically strong demand area. Failure to hold this level could trigger a deeper correction toward $3,400-$3,600, creating a stronger accumulation base for the next rally.

Conversely, reclaiming $4,060 and $4,250 WOULD confirm the dip as a corrective phase within a broader uptrend. Such a breakout could reignite market confidence and fuel significant upward momentum.

Alvara Protocol Launches Public Mainnet with ERC-7621 Basket Token Standard

Alvara Protocol has officially launched its public mainnet, bringing the ERC-7621 basket token standard into live production. This decentralized platform revolutionizes fund management by enabling the creation, management, and trading of tokenized investment baskets with enhanced composability and liquidity.

The ERC-7621 standard, recognized by the Ethereum Foundation, provides a framework for seamless DeFi integration. Unlike proprietary solutions, it offers native fungibility—ERC-7621 LP tokens function as standard ERC-20 tokens, compatible with DEXs, lending protocols, and collateral systems without custom integrations.

Transparency is a cornerstone of the protocol. All basket compositions, rebalancing actions, and fee structures are verifiable on-chain, addressing the opacity issues prevalent in centralized alternatives. This feature positions Alvara as a critical infrastructure for institutional adoption.

Bhutan Adopts Ethereum for National Digital Identity System

Bhutan has initiated a landmark migration of its national digital identity platform to the Ethereum blockchain, marking the first large-scale sovereign adoption of public blockchain infrastructure for citizen identification. The National Digital Identity (NDI) system will serve approximately 800,000 people, with full implementation targeted for Q1 2026.

The transition anchors identity attestations on-chain while maintaining private data off-ledger, leveraging Ethereum's security and transparency for verification processes. This follows Bhutan's 2024 migration from Hyperledger Indy to Polygon, demonstrating a strategic progression toward scalable blockchain solutions.

Ethereum co-founder Vitalik Buterin joined Bhutanese royalty at the official launch ceremony, underscoring the partnership's significance. The MOVE positions Bhutan as a pioneer in blockchain-based governance at the nation-state level.

Ethereum Struggles Below Key Resistance Despite Rebound

Ether has clawed back from its $3.4K nadir, breaching the psychological $4K barrier in a show of resilience. The recovery, while technically impressive with a bullish RSI divergence and reclaiming of the 100-day moving average, remains precarious. Market structure suggests this is repair work rather than renewed bullish conviction.

The daily chart reveals Ether's fragile position—holding above reclaimed support but needing a decisive break above $4.3K to target the $4.6K-$4.7K supply zone. The 4-hour timeframe shows a rising wedge pattern near the 0.618 Fib level, a classic reversal signal that could invalidate the rebound if $4K support fails. Traders await either confirmation of strength or another test of the $3.4K-$3.6K liquidity pool.