Ethereum Bulls Charge as Price Defies Gravity—$4K in Sight

ETH’s relentless rally leaves bears scrambling—again. The second-largest crypto by market cap just flashed its strongest weekly close since January, with on-chain data showing whales accumulating at key support levels.

Key drivers: Spot ETF rumors resurface (despite the SEC’s legendary foot-dragging) while Ethereum’s L2 ecosystem now processes more transactions than Visa. Classic finance analysts, meanwhile, remain blissfully unaware—too busy downgrading stocks that already crashed.

Bottom line: This isn’t just another altseason pump. Ethereum’s fundamentals are quietly outgrowing its ’digital oil’ narrative. Whether Wall Street notices or not, the smart money’s already positioning.

Ethereum Price Eyes More Upsides

Ethereum price remained stable above the $1,745 level and started a fresh increase, like Bitcoin. ETH climbed back above the $1,800 resistance level before the bears appeared.

A high was formed at $1,842 and the price corrected some gains. There was a move below the $1,820 level. The price dipped below the 50% Fib retracement level of the upward move from the $1,746 swing low to the $1,842 high.

However, the bulls remained active near the $1,780 level and the 61.8% Fib retracement level of the upward move from the $1,746 swing low to the $1,842 high.

Ethereum price is now trading above $1,780 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $1,810 level. The next key resistance is near the $1,820 level. There is also a short-term contracting triangle forming with resistance at $1,810 on the hourly chart of ETH/USD.

The first major resistance is near the $1,850 level. A clear move above the $1,850 resistance might send the price toward the $1,920 resistance. An upside break above the $1,920 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $1,950 resistance zone or even $2,000 in the near term.

Another Decline In ETH?

If Ethereum fails to clear the $1,850 resistance, it could start a fresh decline. Initial support on the downside is near the $1,780 level. The first major support sits near the $1,750 zone.

A clear move below the $1,750 support might push the price toward the $1,620 support. Any more losses might send the price toward the $1,600 support level in the near term. The next key support sits at $1,550.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is gaining momentum in the bullish zone.

Hourly RSIThe RSI for ETH/USD is now above the 50 zone.

Major Support Level – $1,780

Major Resistance Level – $1,850