🚀 Ethereum Primed to Shatter $4,000 Barrier This Week – Analyst Bullish

Ethereum's price rockets toward a decisive breakout as market sentiment flips bullish.

The $4K moonshot: Traders are piling into ETH futures as derivatives data signals explosive upside potential. One analyst points to a perfect storm of institutional inflows and burning supply mechanics.

Not your grandma's savings account: While traditional finance struggles with 0.5% APY, DeFi degens laugh all the way to the liquidity pool. (Bonus jab: Your bank manager still thinks 'Ethereum' is a rare earth metal.)

Will ETH deliver? The charts say yes – but as always in crypto, buckle up for turbulence.

In Kaleo’s chart, the Ether–USDT pair is sketched inside an ascending wedge whose upper boundary has capped every rally for more than three months. That resistance line now sits NEAR $3,000, while the lower boundary originates near $1,450 in early April and accelerates through $2,600 by late June.

Ethereum Breakout Fuels $4,000 Hopes

The pattern briefly failed in mid-June, when price sliced through support and bottomed near $2,100—an episode Kaleo tags “Breakdown.” Three week later the market closed decisively back above that very line, an event he annotates “Reclaim,” converting former support turned resistance back into a springboard.

Candles since the reclaim have marched steadily higher, compressing volatility against the wedge’s apex until earlier this week when price punched through the ceiling at roughly $3,030. At the moment the screenshot was taken the pair traded near $3,041, and a hand-drawn WHITE projection—labelled “Send”—plots a near-vertical advance that crests just above $4,000.

The projection takes its height from the widest section of the wedge: the distance between the early-May trough and the mid-May swing high measures a little over $1,000; adding that amplitude to the breakout point delivers a classical measured-move objective in the low-$4,000s, matching Kaleo’s target.

Also importantly, price has reclaimed the psychological $3,000 handle on convincing momentum, turning what had been the midpoint of the range into fresh support. Intermediate friction zones appear near $3,344–the 0.618 Fibonacci retracement also known as the “golden pocket– but the projection assumes these levels will offer little resistance should a “god candle” materialise.

Kaleo’s prediction comes on the heels of a broader risk‑on backdrop: Bitcoin is accelerating towards its record high near $123,000 from last week as investors embrace a steadier macro environment. For Ether specifically, enthusiasm has been amplified by an SEC filing revealing that Peter Thiel’s Founders Fund accumulated a 9.1 percent stake in Bitmine  Immersion  Technologies, the Tom Lee‑chaired public company that has stockpiled more than 163,000 ETH—roughly half a billion dollars’ worth—as part of an aggressive Ethereum‑treasury strategy.

The twin tailwinds of macro‑driven liquidity and high‑profile venture endorsement reinforce Kaleo’s thesis that a “god candle” toward the $4,000 mark could ignite before the week draws to a close.

At press time, ETH traded at $3,225.